Fitch revises Banesco view to positive

Fitch Ratings said it revised the outlook for Banesco USA to positive from stable.

“The positive outlook reflects positive steps taken by management to pivot from being a bank largely focused on international customers, to further establishing itself as a South Florida community bank with a growing base of locally sourced deposits and loans,” said Fitch in a press release.

The agency also affirmed the bank’s BB- rating.

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