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Fitch Revises Banco Agricola's Outlook to Positive; Upgrades Support to '3'.

Publication: Business Wire
Publication Date: 20-DEC-07 		Format: Online
Delivery: Immediate Online Access

Article Excerpt
MONTERREY, Mexico -- Fitch Ratings has upgraded El Salvador-based Banco Agricola's (Agricola) support rating to '3' from '5', given the likelihood of support of its parent, Bancolombia. At the same time, its Support rating floor was Withdrawn, while other ratings were affirmed, and the Outlook on the long-term ratings was revised to Positive from Stable. The list of all rating actions is as follows:

--Long-term foreign currency Issuer Default Rating (IDR) affirmed at 'BB+';

--Short-term foreign currency IDR affirmed at 'B';

--Individual affirmed at 'C/D';

--Support upgraded to '3' from '5', and removed from Rating-Watch Positive;

--Support rating floor at 'NF', withdrawn;

--National-scale long-term rating...

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