Fitch affirms Banco Exterior

Fitch Ratings said it affirmed Banco Exterior's long-term foreign- and local-currency issuer default ratings at B+, short-term foreign- and local-currency rating at B, long-term national rating at AA-(ven) and short-term national rating at F1(ven).

The outlook was revised to stable from negative.

The ratings reflect the company's good profitability, strong asset quality and sufficient capital base, Fitch said.

The ratings are constrained by its size, the need to further diversify revenue sources and the negative effects of government intervention in the bank's business, the agency said.

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