Fitch Affirms Banco Occidental de Descuento’s IDR at ‘CCC’

NEW YORK–(BUSINESS WIRE)–Following a peer review, Fitch Ratings has today affirmed Banco Occidental de Descuento, Banco Univeral C.A.’s (BOD) foreign and local currency Issuer Default Ratings (IDRs) at ‘CCC’. No Rating Outlook is assigned at this rating level. A full list of rating actions is at the end of this release. The ratings were affirmed as there has been no material change in BOD’s company profile or performance since the last review. KEY RATING DRIVERS IDRS, VR AND NATIONAL RATINGS