Fitch pulls Banco GNB notes rating

Fitch Ratings said it withdrew Banco GNB Sudameris’ expected BB- rating for its planned U.S. dollar-denominated tier 2 notes because it is no longer expected to convert to a final rating.

Fitch assigned the expected rating on May 6. At present, the bank’s long-term issuer default rating is BB+ with a negative outlook.

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