Fitch moves Davivienda view to negative

Fitch Ratings said it revised Banco Davivienda (Costa Rica), SA's (Davivienda CR) long-term local currency issuer default rating outlook to negative from stable. The agency also affirmed its long-term local-currency IDR at BB+, long-term foreign-currency IDR at BB, as well as the ratings of the local debt issue programs. The outlook of the bank's long-term foreign-currency IDR and remains stable.

The negative outlook reflects the same action on the outlook of its shareholder Banco Davivienda SA since Davivienda CR's ratings are based on the potential support it could receive from its parent, Fitch explained.

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