Fitch affirms Banco de Bogota

Fitch Ratings said it affirmed Banco de Bogota SA and related entities and subsidiaries' international and national ratings.

The agency also affirmed Bogota's viability rating and issuer default ratings at bbb and BBB, respectively.

The outlook is stable.

Fitch said the issuer default ratings are driven by the bank’s viability rating.

“Bogota's VR is highly influenced by the operating environment of the jurisdictions where Bogota does business,” the agency said in a news release.

“Additionally, the ratings consider its consistent financial performance, reasonable credit and risk policies, its ample and diversified funding base and its leading franchise.”

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