Fitch rates Banco Corpbanca Colombia BBB-

Fitch Ratings said it assigned a BBB- long-term local- and foreign-currency issuer default rating to Banco Corpbanca Colombia SA.

The outlook is negative.

The bank’s issuer default ratings are based on its own intrinsic financial and business profile and, therefore, are aligned with the bank's viability rating of BBB-.

The negative outlook reflects the recent revision of Colombia's sovereign outlook to negative from stable, Fitch said.

This bank's ratings are heavily influence by the operating environment for Colombian banks, which is currently trending negatively, the agency added.

The ratings also reflect the bank’s capitalization metrics and operating environment, Fitch said, along with its consistent performance, solid asset quality, earning diversification and stable funding base, Fitch said.

© 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.