Fitch upgrades Inversiones Atlantida

Fitch Ratings said it upgraded Inversiones Atlantida, SA and Banco Atlantida, SA's long-term foreign and local currency issuer default ratings to B+ from B with a stable outlook.

Atlantida's viability rating was also upgraded to b+ from b.

Fitch said the appreciation of Honduran improved macroeconomic performance and stabilized political environment leads the upgrade of Atlantida's ratings due to the operating environment highly influence the rating of the bank.

The agency said its opinion of the Honduran banks' operating environment considers that the completion of the IMF standby agreement improved policy credibility, economic growth and set the general government debt on a sustainable path.

© 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.