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Banking Industry Country Risk Assessment: Colombia BICRA Revised To Group 6 From Group 8 May 11
Standard & Poors, May 2011
Abstract
We are reviewing our Banking Industry Country Risk Assessment (BICRA) on Colombia because of better economic conditions and lower industry risk. We are revising our BICRA on Colombia to Group 6 from Group 8. The new economic and industry risk scores for Colombia are '5' and '6', respectively. MEXICO CITY (Standard & Poor's) May 5, 2011--Standard & Poor's Ratings Services said today that it revised its Banking Industry Country Risk Assessment (BICRA) on Colombia to Group 6 from Group 8 and revised the economic risk score to '5' from '8'. We also assigned an industry risk score of '6'. We have reviewed the banking sector in the Republic of Colombia (foreign currency: BBB-/Stable/A-3; local currency: BBB+/Stable/A-2) under our BICRA methodology....
Companies mentioned in this report are: Colombia (Republic of),Grupo de Inversiones Suramericana S.A.
Action: General Comment
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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