Banco Davivienda S.A. -- Moody's affirms Davivienda's ratings; outlook changed to stable

Mexico, July 12, 2013 -- Moody's Investors Service affirmed all ratings for Banco Davivienda S.A. (Davivienda), including its standalone bank financial strength rating (BFSR) of D+, which maps to an unsupported baseline credit assessment of ba1; its global local currency long- and short-term deposit ratings of Baa3/Prime-3; foreign currency long- and short-term deposit ratings of Baa3/Prime-3; foreign currency senior debt rating of Baa3; and foreign currency subordinated debt rating of Ba2. At the same time, Moody's changed Davivienda's outlook to stable, from negative.

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