Moody's lifts Banco de Bogota view to stable

Moody's Investors Service said it changed Banco de Bogota SA's outlook to stable from negative.

The agency also said it affirmed all of the bank's ratings, including its Baa2 deposit ratings.

Moody's also said it changed the outlooks of Grupo Aval Acciones y Valores, SA (Grupo Aval) and Grupo Aval Ltd. to stable from negative and affirmed the ratings, including Grupo Aval's Ba2 issuer rating and Grupo Aval Ltd.'s Ba2 senior unsecured debt rating.

The outlook revision reflects that the bank has maintained a significantly improved, albeit still modest, level of capital since completing its corporate restructuring in June 2016, Moody's said.

The agency said the company should continue improving, sustained by sound earnings generation and lower capital consumption as asset growth slowed from previous years.

The stable outlook considers that the bank's asset quality remains strong despite a modest increase in delinquencies over the past year, Moody's said.

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