|
|
Article: Fitch Affirms Bancolombia's IDRs at 'BB+/B'; Outlook Stable
- Article from:
- Wireless News
- Article date:
- June 24, 2009
CopyrightProvided by ProQuest LLC. (Hide copyright information)
|
Wireless News
06-24-2009
Fitch Affirms Bancolombia's IDRs at 'BB+/B'; Outlook Stable
Type: News
Fitch Ratings has affirmed Bancolombia's long- and short-term Issuer Default Ratings (IDRs) and outstanding debt ratings as follows:
--Long-term foreign currency IDR at 'BB+';
--Short-term foreign currency IDR at 'B';
--Long-term local currency IDR at 'BB+';
--Short-term local currency IDR at 'B';
--Individual at 'C/D';
--Support at '3';
--Support Floor at 'BB-'.
At the same time the rating for Bancolombia's subordinated debt maturing May 2017 was affirmed at 'BB'. The Rating Outlook is Stable.
Bancolombia's ratings reflect its dominant franchise, diversified loan portfolio and revenues, ...