(The following statement was released by the rating agency) NEW YORK, June 27 (Fitch) Fitch Ratings has downgraded Banco de Desarrollo Rural S.A. (Banrural)’s long-term Issuer Default Rating (IDR) to ‘BB’ from ‘BB+’ and its Viability Rating (VR) to ‘bb’ from ‘bb+’. The Rating Outlook on the IDR has been revised to Stable from Negative. The National Ratings of Banrural and its subsidiaries Financiera Rural, S.A. and Aseguradora Rural, S.A. are unaffected by this rating action. A full list of
Source: Financials
