Fitch ups Banco de la Vivienda

Fitch Ratings said it upgraded Banco Nacional de la Vivienda y la Produccion's long-term national rating to AA-(dom) from A+(dom), short-term national rating to F1+(dom) from F1(dom) and national senior debt to AA-(dom) from A+(dom).

The bank, despite its significantly smaller size, enjoys an explicit government guarantee over the totality of its liabilities and contingencies, Fitch said. The bank is also an important player on the housing plans of the government.

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