Fitch lifts Banco General

Fitch Ratings said it affirmed Banco General's foreign-currency long-term issuer default rating at BBB, individual rating at C, support rating at 5 and support floor at NF.

Fitch said it also upgraded the bank's foreign currency short-term issuer default rating to F2 from F3.

The outlook is stable.

The upgrade reflects the bank's ample liquidity, which is very stable and of good quality. The liquidity is based on low risk, highly liquid investments that comfortably cover Banco General's short-term liabilities, the agency said.

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