NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed the Long-Term (LT) Foreign and Local Currency Issuer Default Ratings (IDRs) of Mercantil C.A. Banco Universal (Mercantil) at ‘CCC’ following Fitch’s peer review of Venezuelan Private Sector Banks. No Rating Outlook is assigned at this rating level. Fitch has also downgraded Mercantil’s LT National rating to ‘A+(ven)’ from ‘AA-(ven)’. A full list of rating actions follows the end of this release. Fitch’s downgrade of Mercantil’s national long
