trending Market Intelligence /marketintelligence/en/news-insights/trending/WlxtfKEqTXFmNvDFSUoo5w2 content
Log in to other products

Login to Market Intelligence Platform

 /


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Fitch affirms Bancolombia's national ratings, maintains Rating Watch Negative on IDRs

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory


Fitch affirms Bancolombia's national ratings, maintains Rating Watch Negative on IDRs

FitchRatings on July 18 affirmed BancolombiaS.A.'s national long-term rating at AAA(col) and its short-term ratingat F1+. The outlook is stable.

However,Fitch also maintained its Rating Watch Negative on the bank's IDR ratings, includingits long-term foreign and local currency IDR rating of BBB+ and its short-term IDRrating of F2.

The agencyalso maintained its Rating Watch Negative on Bancolombia's subsidiaries, , and Banistmo S.A., whichall have the same long-term and short-term IDR ratings as their parent.

In thecase of Bancolombia, Fitch attributed the action to a decline in its capital ratiosin 2015 caused by various factors including changes in accounting standards withthe introduction of IFRS in Colombia, the depreciation of the local currency andthe consolidation of Panamanian subsidiary GrupoAgromercantil Holding SA.

Goingforward, Bancolombia's recapitalization plan includes assumptions such as moderategrowth, higher margins, increased retained earnings and local currency stability.

In addition,in Fitch's view, Bancolombia's slower growth and sustained internal capital generationcould help to strengthen its capital ratios over the next year amid a stable economicenvironment and more stable exchange rates.

Evenso, Fitch does not expect the bank's capitalization ratio to return to levels seenin 2014 during this period.

Bancolombia'sasset quality indicators have been relatively stable partly due to strong loan growth,although they are slightly weaker than other large Colombian banks after "afew large exposures" in the commercial sector led to a modest deteriorationin 2015, Fitch noted.

However,given Bancolombia's conservative risk approach, Fitch expects the bank to maintainasset-quality ratios in line with its current ratings level.

Finally,the ratings of Bancolombia and its international subsidiaries will remain on RatingWatch Negative pending further review of the bank's recapitalization plans, Fitchnoted.