Fitch rates El Wifack BB+(tun)

Fitch Ratings said it assigned El Wifack Leasing a BB+(tun) national long-term rating and a B(tun) national short-term rating.

The outlook is stable.

The agency said the ratings reflect El Wifack's acceptable profitability, satisfactory asset quality ratios and an adequate capitalization.

They also factor in its weaker credit risk management than peers and small size, Fitch added.

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