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Fitch cuts two Salvadoran banks
Fitch Ratings said it downgraded the long-term issuer default ratings of Banco Agricola, SA and Banco Davivienda Salvadoreno, SA to B- from B.
The rating actions on Agricola and Davivienda Sal follow the downgrade of El Salvador's long-term foreign-currency IDR to CCC from B-.
The outlooks for the banks remain negative.
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