Moody's rates BBVA Colombia Baa1, Baa3

Moody's Investors Service said it assigned to Banco Bilbao Vizcaya Argentaria Colombia SA (BBVA Colombia) Baa1/prime-2 long- and short-term local-currency deposit ratings and Baa3/prime-3 long- and short-term foreign-currency deposit ratings.

The bank has a baseline credit assessment of Ba1.

The outlook is stable.

The ratings reflect its diversified universal banking franchise, which is supported by significant retail operations and good access to core funding, Moody's said.

The ratings also incorporate the stability of its financial fundamentals, particularly its profitability and capitalization, the agency said, and adequate risk management.

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