Fitch puts Banco Security on positive watch

Fitch Ratings said it placed Banco Security's long- and short-term issuer default ratings, long-term national ratings and viability rating on rating watch positive.

Fitch also placed holding company Grupo Security’s national ratings on rating watch positive.

The agency additionally affirmed the government support rating at bb+ and the national short-term ratings of at N1+(cl), the highest level on the rating scale.

Fitch said the rating watch reflects the positive credit implications on both entities for being part of Bicecorp Group, upon completion of the merger, which creditworthiness is stronger as reflected in Banco BICE’s ratings of BBB+/stable and Bicecorp’s ratings of AA+(cl)/stable.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.