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Fitch Ratings has assigned Banco GNB Sudameris S.A.'s (GNB) upcoming issue of U.S. dollar-denominated, 11-year Tier 2 notes an expected long-term rating of 'BB-(EXP)'.

Fitch Ratings has announced that is has withdrawn all of the ratings that it has issued for Banco GNB Sudameris S.A. The Issuer Default Ratings (IDRs) and senior debt ratings have been withdrawn because Banco GNB Sudameris has chosen to stop participating in the rating process....

The introduction of IFRS reporting in 2015 for Colombian banks is an improvement in financial disclosure, says Fitch Ratings. A majority of IFRS rules became effective for all Colombian financial institutions on Jan. 1, 2015 and introduced material changes in the treatment of...