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Fitch places Aseguradora General on Rating Watch Negative

Fitch Ratingson Oct. 10 placed the AA(GTM) national rating of Aseguradora General SA on Rating Watch Negative.

The decisionis based on the announced sale agreementof Generali's 51% stakein the insurer, which is currently subject to regulatory approval.

Fitch notedthat the local buying partners, which are currently managing 49% of AseguradoraGeneral, are a Guatemalan family which has operated the company since its beginningand is currently involved in its general management.