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Article: Fitch Dwngrs Banks in the Dominican Republic.
- Article from:
- Business Wire
- Article date:
- February 3, 2004
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Business Editors
NEW YORK--(BUSINESS WIRE)--Feb. 3, 2004
Fitch Ratings, the international rating agency, today downgraded Dominican banks' international ratings as detailed below. The action reflects the recent sovereign downgrade on the Dominican Republic's long-term foreign and local currency obligations to 'CCC+' from 'B'. The long-term foreign currency ratings of all Dominican banks rated by Fitch remain on Rating Watch Negative, similar to the sovereign.
Banco BHD
-- Long-term foreign currency downgraded to 'CCC+' from 'B';
-- Rating Watch Negative;
-- Short-term foreign currency downgraded to 'C' from 'B';