Fitch Affirms Bancaribe’s IDRs at ‘CCC’

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has affirmed Banco del Caribe, C.A. Banco Universal’s (Bancaribe) Viability Rating (VR) at ‘ccc’ and its Issuer Default Ratings (IDRs) at ‘CCC’. No Rating Outlook is assigned at this rating level. Fitch has taken this rating action following the completion of it private-sector Venezuelan banks peer review. A full list of rating actions follows at the end of this press release. Fitch affirmed the ratings as there has been no material change in Bancaribe’s