Tuesday, December 20, 2016

Fitch Affirms Banesco USA's LT IDR at 'B+'; Outlook Revised to Positive

(The following statement was released by the rating agency)

NEW YORK, December 20 (Fitch) Fitch Ratings has affirmed Banesco

USA's (BNSC)

Long- and Short-Term Issuer Default Ratings (IDRs) at 'B+'/'B'.

The Rating

Outlook has been revised to Positive from Stable. A full list of

rating actions

follows at the end of this release.

KEY RATING DRIVERS

IDRS AND VIABILITY RATINGS

Today's action reflects BNSC's improvements in business and

financial

performance. To date, the company has exhibited im

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