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Colombian ratings agency BRC has affirmed its aaa rating on pension fund manager AFP Colfondos, the agency said in a report.
The rating is based on the company's effective processes and tools to manage market, credit, operating and liquidity risks as well as backup from parent company Citi (NYSE: C), BRC said.
Colfondos was the country's fourth largest pension fund manager as of March 31, commanding a 14.7% market share.
To read the full report in Spanish, go to this link