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05.02.2013 23:57:00
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Banco Davivienda S.A. -- Moody's concludes review of Colombian banks' subordinated debt ratings
Mexico, February 05, 2013 -- Moody's Investors Service today downgraded the long term foreign currency subordinated debt ratings of Bancolombia S.A., Banco Davivienda S.A. and Banco GNB Sudameris S.A. (GNB) concluding the review for downgrade initiated on these ratings on 27 November 2012. Moody's has removed systemic support from the ratings of all rated Colombian banks' subordinated debt instruments, placing them one notch below their respective adjusted baseline credit assessments of baa3, ba1 and ba3, respectively.
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