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LatAm ratings wrap: Moody's ups CABEI; Fitch downgrades Banco Ciudad

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LatAm ratings wrap: Moody's ups CABEI; Fitch downgrades Banco Ciudad

S&P Global Market Intelligence presents a summary of various ratings actions on Latin American financial institutions and economies. Ratings actions are listed by announcement date in reverse chronological order.

Sept. 20

* Fitch Ratings affirmed the insurance financial strength rating of Davivienda Seguros Comerciales Bolívar SA at AAA(slv).

* Fitch affirmed the insurance financial strength rating on a national scale of Seguros e Inversiones SA from AA+(slv).

* Fitch affirmed the national scale insurance financial strength rating of SISA VIDA SA Seguros de Personas at AA+(slv).

* Fitch affirmed the national scale rating of Seguros Ve por Más SA Grupo Financiero Ve por Más at A(mex).

Sept. 19

* Fitch affirmed the national long-term issuer default ratings of Banco de América Central SA and Inversiones Financieras Banco de América Central SA at AAA(slv) and their short-term IDRs at F1+(slv).

* Fitch maintained the negative observation on the AAA(slv) long-term national ratings of Scotiabank El Salvador SA and Inversiones Financieras Scotiabank El Salvador SA.

* Fitch affirmed the national long- and short-term ratings of Banco Cuscatlán de El Salvador SA at AA+(slv) and F1+(slv), respectively.

* Fitch affirmed Banco Inmobiliario Mexicano SA Institución de Banca Múltiple's AAFC3-(mex) rating as primary administrator of financial assets.

* AM Best affirmed the financial strength rating of Bupa Mexico Compania de Seguros SA de CV at B++ (Good), the long-term issuer credit rating at "bbb+" and the Mexico national scale rating at "aa+.MX".

* S&P Global Ratings affirmed the long- and short-term global credit ratings of Banco Centroamericano de Integración Económica at AA and A-1+, respectively.

* Fitch affirmed the AAA(slv) long- and F1+(slv) short-term national ratings of Banco Davivienda Salvadoreno SA and Inversiones Financieras Davivienda SA.

* Fitch affirmed the national long-term ratings of Banco Agrícola SA and Inversiones Financieras Banco Agrícola SA at AAA(slv) and their short-term ratings at F1+(slv).

Sept. 18

* Moody's upgraded Banco Centroamericano de Integración Económica's senior unsecured bond and long-term issuer ratings to Aa3 from A1, while affirming the short-term issuer rating at P-1.

* AM Best affirmed the financial strength rating of HDI Global Seguros SA at A (Excellent), the long-term issuer credit rating at "a+" and the Mexico national scale rating at "aaa.MX".

* Fitch affirmed the long- and short-term foreign and local currency issuer default ratings of Bolsa Mexicana de Valores SAB de CV at BBB+ and F2, respectively. The long- and short-term national scale ratings of the company were affirmed at AAA(mex) and F1+(mex), respectively.

* Fitch affirmed the long- and short-term foreign and local currency issuer default ratings of Contraparte Central De Valores De Mexico SA De CV at BBB+ and F2, respectively. The rating agency also affirmed the company's long- and short-term national scale ratings at AAA(mex) and F1+(mex), respectively.

Sept. 17

* Fitch downgraded the long- and short-term issuer default ratings of Banco de la Ciudad de Buenos Aires to CCC from B- and to C from B, respectively. The long- and short-term local currency IDRs of the bank were also lowered to CCC from B- and to C from B, respectively. Fitch also affirmed the bank's viability rating at "cc."

* S&P Global Ratings affirmed the global scale issuer credit and issue-level ratings of UNIFIN Financiera SAB de CV at BB. The rating agency also affirmed the company's national scale ratings at "mxA/mxA-1".

This S&P Global Market Intelligence news article may contain information about credit ratings issued by S&P Global Ratings. Descriptions in this news article were not prepared by S&P Global Ratings.