Fitch raises outlook of Banco de Bogotá

Fitch Ratings has affirmed the international and national ratings of Banco de Bogotá and revised its outlook from negative to stable.

The improved outlook mirrors a similar revision Fitch made to the nation of Colombia’s sovereign rating earlier this year and reflects the Bogotá-based financial institution’s “solid and consistent financial performance, sound asset quality and reserves, conservative credit and risk policies, and its ample and diversified funding base.”

Source: Finance Colombia