Fitch rates Banco Inbursa notes BBB+

Fitch Ratings said it expects to assign a BBB+ rating to Banco Inbursa, SA's proposed issuance of global senior notes.

The rating reflects the pari passu ranking of these senior unsecured obligations. The rating on the notes is aligned with the bank's long-term issuer default rating of BBB+ and viability rating of BBB+.

The ratings also consider its robust loss-absorbing capacity, adequate funding and liquidity profile, Fitch said, and its historically low and contained credit losses.

These ratings also factor in the bank's strong and enhancing franchise, especially when assessed with the other financial companies of its parent, Grupo Financiero Inbursa, the agency said.

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