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Article: Fitch Assigns Ratings To Ecuador's Banco del Pichincha.
- Article from:
- Business Wire
- Article date:
- December 19, 2001
CopyrightCOPYRIGHT 2001 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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Business Editors
NEW YORK--(BUSINESS WIRE)--Dec. 19, 2001
Fitch, the international rating agency, has assigned for the first time a Long-term rating of 'CCC+' to Ecuador's Banco del Pichincha C.A. y Subsidiarias(BPS).
In addition, a Support rating of '4T' was assigned. The long-term rating reflects the bank's strong and established market position and wide deposit base in Ecuador and is line with our opinion of the sovereign's creditworthiness. It also reflects deterioration in its asset quality, ...