Fitch downgrades Sura's asset management business

Fitch downgrades Sura's asset management business

Credit Ratings Fitch Ratings Downgrade Debt Capital Markets Fixed Income Colombia Chile Peru Mexico El Salvador Uruguay Asset Management Coronavirus

Fitch Ratings said it downgraded the asset management division of Colombian financial services company Grupo Sura by one notch to BBB because "the economic and financial implications of the coronavirus crisis are not yet clear, and downside risks remain." Fitch also put a negative outlook on the revised ratings, the same as Colombia, Peru and Uruguay, three countries in the region where Sura Asset Management operates, the rating agency said in a report on Friday. "Capital markets volatility is l

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