Fitch cuts Grupo Sura

Fitch Ratings said it downgraded Grupo de Inversiones Suramericana SA’s long-term foreign- and local-currency issuer default ratings to BBB- from BBB. Fitch also downgraded Grupo Sura’s senior unsecured notes to BBB- from BBB.

“The rating action follows Fitch’s recent downgrade of Sura Asset Management (Sura AM) to BBB from BBB-, with a negative outlook,” the agency said in a press release.

The international outlook remains negative.

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