Fitch affirms Banco Davivienda Salvadoreno

Fitch Ratings said it affirmed Banco Davivienda Salvadoreno, SA's long-term issuer default rating at B and short-term issuer default rating at B.

The outlook is stable.

At the same time, Fitch affirmed the bank's viability rating at b-, as well as the national rating of its holding company Inversiones Financieras Davivienda, SA at AAA(slv).

The issuer default ratings, national ratings and senior debt of Davivienda Sal are based on the potential support from its parent Banco Davivienda, SA, if required, Fitch said.

The issuer default ratings are constrained by El Salvador's country ceiling of B, which, according to Fitch's criteria, captures transfer and convertibility risks.

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