CHICAGO, May 16 /PRNewswire/ -- Following the recent upgrade of
Venezuela's long-term foreign currency sovereign rating, Duff & Phelps Credit
Rating Co. (DCR) has upgraded Banco Provincial's (Provincial) long-term
foreign currency rating to 'BB-' (Double-B-Minus) from 'B+' (Single-B-Plus).
Provincial's long-term local currency rating and short-term ratings have been
reaffirmed at their current levels of 'B+' (Single-B-Plus) and 'D-4' (D-Four),
respectively.
At the same time, DCR has reaffirmed the 'B+' (Single-B-Plus) long-term
local and foreign currency ratings assigned to Interbank, C.A., Banco
Universal and Banco Occidental de Descuento (BOD). The short-term ratings
assigned to BOD remain at 'D-4' (D-Four).
For additional information, visit DCR's Web site at http://www.dcrco.com.
DCR's research is also available on Bloomberg at DCR, FirstCall's BondCall
Direct/Research Direct at http://www.firstcall.com and Multex at
http://www.multex.com, as well as through other third-party providers.
SOURCE Duff & Phelps Credit Rating Co.
 back to top
Related links:
http://www.dcrco.com
CONTACT:
Fabian Ramos, 312-368-3178, ramos@dcrco.com,
or Charles J. Orabutt, 312-368-3153, orabutt@dcrco.com, both of
Duff & Phelps Credit Rating Co.
|
