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Fitch assigns ratings to Financiera de Occidente

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Fitch assigns ratings to Financiera de Occidente

FitchRatings on Oct. 11 assigned BB+(gtm) long- and B(gtm) short-term nationalratings to Financiera deOccidente SA.

The outlookis stable.

The ratingsare based on the entity's pressured capital, high portfolio concentration andlow historical profitability, Fitch said. However, they also take into accountthe advantages provided by the synergies of Financiera de Occidente with itsgroup.

Meanwhile,the stable outlook indicates a high probability that the company will hold itsrisk profile in the foreseeable future.