Fitch to rate Aval notes BBB-

Fitch Ratings said it expects to assign a BBB- rating to Grupo Aval Ltd.'s upcoming senior notes.

The notes will be guaranteed by Grupo Aval (BBB- rating).

The outlook is stable.

Principal under the notes will mature in up to 10 years and will carry a fixed interest rate to be set at the time of the issuance.

Proceeds will be used for general corporate purposes.

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