Fitch roundup: CitiCR, Banco ProCredit

- Wednesday, December 28, 2011

Fitch roundup: CitiCR, Banco ProCredit

Fitch affirmed Banco Citibank de Costa Rica's (CitiCR) long and short-term national scale ratings of AAA(cri) and F1+(cri), respectively, with a stable outlook, the ratings agency said in a statement.

The stable outlook reflects that CitiCR's ratings would not be affected if parent company Citigroup (NYSE: C) were downgraded.

To read the full report in Spanish, go to this link

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Fitch also affirmed national scale long and short-erm rating of AA+(hnd) and F1+(hnd), respectively, of Banco ProCredit Honduras, both with a stable outlook, a press release reads.

The ratings are based on the high integration level and support from the bank's main stockholder, ProCredit Holding AG (PCH). Losing support from the parent company would lower the bank's ratings, as it has poor individual performance.

To read the full report in Spanish, go to this link