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LatAm ratings wrap: S&P cuts Barbados; Moody's new outlook on Brazil insurers

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.

Aug. 10

* Fitch Ratings affirmed Sul América SA's long- and short-term foreign and local currency issuer default ratings at B+ and B, respectively. It also affirmed the company's long- and short-term national ratings at A+(bra) and F1+(bra), respectively.

* Fitch affirmed Principal Pensiones SA De CV Principal Grupo Financiero's national scale financial strength rating at BBB(mex), with a stable outlook.

Aug. 9

* S&P Global Ratings affirmed Brazil's long- and short-term foreign and local currency sovereign credit ratings at BB- and B, respectively; its national scale rating at "brAAA" and its transfer and convertibility assessment at BB+.

Aug. 8

* Moody's revised its outlook for Brazilian insurers to stable from negative.

* Fitch affirmed Instituto Nacional de Seguros' national scale insurance financial strength rating at AAA(cri), with a stable outlook.

Aug. 7

* S&P downgraded Barbados' long-term and short-term local currency sovereign issuer credit ratings to SD, or selective default, from CC and C, respectively.

* Fitch affirmed Chile's long-term foreign currency issuer default rating at A, with a stable outlook.

Aug. 6

* Moody's assigned first-time ratings and assessments to Banco S3 México SA Institución de Banca Múltiple, including Baa2 long- and Prime-2 short-term global local and foreign currency deposit ratings, Aa2.mx long- and MX-1 short-term Mexican national scale deposit ratings, and a "baa3" baseline credit assessment.

* Fitch affirmed Fundacion APEC de Credito Educativo Inc.'s national long- and short-term ratings at A-(dom) and F2(dom), respectively.

* Fitch affirmed Banco Múltiple Ademi SA's long- and short-term national ratings at A(dom) and F1(dom), respectively.

* Fitch affirmed Banco De Ahorro y Credito Fondesa SA's national long- and short-term ratings at A-(dom) and F2(dom), respectively.

* Fitch affirmed BCI Seguros Generales SA's national scale rating at AA(cl), with a stable outlook.

* Fitch affirmed Seguros de Vida del Estado SA's national scale financial strength rating at A+(col).

* Fitch affirmed Seguros del Estado SA's national scale financial strength rating at A+(col).

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