Fitch Affirms Venezuelan Private-Sector Banks Following Peer Review

NEW YORK--(BUSINESS WIRE)-- Following a peer review, Fitch Ratings has affirmed the ratings of the following Venezuelan private-sector banks and one holding company:

--Banesco, Banco Universal, CA (BBU);

--Mercantil, C.A. Banco Universal (Mercantil);

--Mercantil Servicios Financieros (MSF);

--Banco Occidental de Descuento (BOD);

--Banco del Caribe, C.A. Banco Universal (Bancaribe);

--Banco Exterior, C.A. Banco Universal (Exterior);

--Banco Nacional de Credito C.A. (BNC).

Fitch has published press releases for each of these banks which are available on 'www.fitchratings.com.' These RACs include each issuer's key rating drivers and sensitivities as well as the list of all rating actions taken.

Additional information is available on www.fitchratings.com

Related Research

Venezuelahttps://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=868264

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151215006911/en/

Fitch Ratings
Theresa Paiz Fredel (Primary Analyst - BBU, BOD, Caribe, BNC)
Senior Director
+1-212-908-0534
Fitch Ratings, Inc.
33 Whitehall Street
New York, NY 10004
or
Mark Narron (Primary Analyst - Mercantil, Exterior; Secondary Analyst - BBU)
Director
+1-212-612-7898
or
Andres Marquez (Primary Analyst - MSF; Secondary Analyst - Mercantil, Bancaribe)
Director
+571 326 9999, Ext. 1220
or
Larisa Arteaga (Secondary Analyst - BOD, BNC)
Director
+1-809-563-2481
or
Committee Chairperson
Rene Medrano
Senior Director
+503 2516-6610
or
Media Relations, New York
Elizabeth Fogerty, +1-212-908-0526
[email protected]

Source: Fitch Ratings

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