Fitch ups Tanner to A+ (cl)

Fitch Ratings said it has affirmed the following ratings for Tanner Servicios Financieros SA:

• Long-term issuer default rating at BBB-; short-term issuer default rating at F3; and

• Local currency issuer default rating at BBB-; and local currency short-term issuer default rating at F3.

In addition, Fitch said it has also upgraded Tanner's long-term national rating to A+ (cl) from A (cl) and affirmed Tanner's short- term national rating at N1.

The outlook is stable.

The agency noted that the upgrade in the long-term national ratings reflects the positive effect of a recent sizable capital injection received by the company and its intention to operate with lower leverage ratios in the medium term.

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