Fitch Affirms Banco Agricola's IDR at 'BB+' Following Peer Review; Outlook Negative

April 17, 2015 9:24 PM

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(The following statement was released by the rating agency) NEW YORK, April 17 (Fitch) Fitch Ratings has affirmed Banco Agricola's (Agricola) long-term Issuer Default Rating (IDR) at 'BB+' and Viability Rating (VR) at 'bb+' following Fitch's peer review of El Salvador's largest banks.

Agricola's Rating Outlook on the long-term IDR remains Negative. A full list of rating actions follows at the end of this press release. AGRICOLA'S KEY RATING DRIVERS - IDRs, VR, National Ratings and Support Agricola's IDR is driven by its VR. Despite the challenging operating environment, Agricola'...

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