S&P lifts Banco Fibra to B

S&P said it raised its short-term global scale issuer credit rating on Banco Fibra SA to B from C following the implementation of the agency’s new "Methodology For Linking Long-Term And Short-Term Ratings."

At the same, time S&P removed the "under criteria observation" (UCO) designation on the bank. All other ratings on the bank are unchanged.

On April 7, the agency revised its global methodology for linking long- and short-term ratings. It now displays its mapping of long- to short-term ratings in a uniform way across sectors, which is the standard mapping that applies to all sectors, including the financial institutions.

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