Fitch affirms Banco Pine

Fitch Ratings said it has affirmed Banco Pine SA's ratings as follow: foreign and local currency long-term issuer default rating at B+, foreign and local currency short-term issuer default rating at B, individual rating at D, support rating at 5, support rating floor at No Floor, national long-term rating at A-(bra) and national short-term rating at F2(bra).

The outlooks for the long-term issuer default ratings and national long-term rating are stable.

Fitch added that the ratings of Pine reflect its ability in adapting to economic volatility, conservative risk management and balance sheet adjustments.

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