Fitch Assigns Initial 'BBB+' IDRs to Corficolombiana; Outlook Stable

April 20, 2015 2:17 PM

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(The following statement was released by the rating agency) NEW YORK, April 20 (Fitch) Fitch Ratings has assigned initial 'BBB+' Issuer Default Ratings (IDRs) to Corporacion Financiera Colombiana S.A. (Corficolombiana).

The Rating Outlook is Stable. A full list of rating actions follows at the end of this release. KEY RATING DRIVERS: IDRS AND NATIONAL RATINGS Corficolombiana's ratings reflect the potential support it would receive from its main shareholder, Banco de Bogota, should it be required. In Fitch's opinion...

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