Fitch Affirms Banco Nacional de Credito’s IDR at ‘CCC’; Upgrades National Rating to ‘BBB(ven)’

NEW YORK–(BUSINESS WIRE)–Fitch Ratings has upgraded Banco Nacional de Credito, C.A., Banco Universal’s (BNC) National Long-Term Rating to ‘BBB(ven)’ from ‘BBB-(ven)’. In addition, Fitch has affirmed BNC’s Long-Term Issuer Default Rating (IDR) at ‘CCC’ and Viability Rating (VR) at ‘ccc’ following Fitch’s peer review of Venezuelan banks. No Rating Outlook is assigned at this rating level. A full list of rating actions follows at the end of this release. Fitch’s upgrade of BNC’s National Long-Te