Moody's affirms Banco de Bogota, Grupo Aval

Moody's Investors Service said it confirmed the ratings of Banco de Bogota, of its group holding, Grupo Aval Acciones y Valores SA and the holding company's Cayman Islands subsidiary, Grupo Aval Ltd.

The outlook is stable.

Moody's said these actions conclude the review for downgrade initiated on March 15 related to its ongoing global review affecting banks whose standalone ratings are higher than those of the countries in which they are domiciled.

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