Fitch ups outlook on two Colombian banks

Fitch Ratings said it has revised the outlook on the long-term foreign currency issuer default ratings (IDRs) of two Colombian banks, Bancolombia and BBVA Colombia, to positive from stable, after taking the same action on the sovereign foreign currency IDR.

All other ratings remain unchanged as follows:

Bancolombia's foreign currency long-term IDR at BB with the outlook revised to positive; foreign currency short-term IDR at B; local currency long-term IDR at BBB- with outlook stable; local currency short-term IDR at F3; individual C; and support 3.

BBVA Colombia's foreign currency long-term IDR at BB with outlook revised to positive; foreign currency short-term IDR at B; local currency long-term IDR at BB+ with a stable outlook; local currency short-term IDR at B; individual C/D on rating watch negative; and support 3.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.