Fitch affirms BBVA Colombia

Fitch Ratings said it affirmed BBVA Colombia SA's long-term foreign and local currency issuer default ratings at BBB+ and viability rating at bbb.

The outlook is stable.

Fitch said the ratings reflect the support BBVA would receive from its parent, Banco Bilbao Viscaya Argentaria (A-/stable), should it be required.

The agency said it believes BBVA Colombia is a strategic subsidiary for its parent mainly due to the relevance of the Latin American operations and the integration and synergies among the entities.

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