Fitch Affirms and Withdraws COFAC's (Uruguay) IDR.BUENOS AIRES -- Fitch Ratings has affirmed and withdrawn the following ratings assigned to Cooperativa Nacional de Ahorro y Credito (COFAC COFAC Cooperativa Nacional de Ahorro y Credito (Spanish) ): --Long-term foreign currency issuer default rating (IDR IDR In currencies, this is the abbreviation for the Indonesian Rupiah. Notes: The currency market, also known as the Foreign Exchange market, is the largest financial market in the world, with a daily average volume of over US $1 trillion. ) 'D'; --Support '5'; --National long-term rating 'D(uy)'. COFAC was the largest credit-cooperative in Uruguay, focused principally on families and small- and medium-sized businesses, with asset and deposit market shares of around 1.5% and 1.6%. COFAC was suspended by the Central Bank of Uruguay The Central Bank of Uruguay (Spanish: Banco Central del Uruguay) is the central bank of Uruguay. See also
Fitch's rating definitions and the terms of use Terms of Use are rules set up by the owner of an intellectual property or service to govern how they may be legally used. In many cases, terms of service are used as a contractual agreement between a company and users of a service they provide. of such ratings are available on the agency's public site, www.fitchratings.com. Published ratings, criteria and methodologies are available from this site, at all times. Fitch's code of conduct, confidentiality, conflicts of interest, affiliate firewall, compliance and other relevant policies and procedures Policies and Procedures are a set of documents that describe an organization's policies for operation and the procedures necessary to fulfill the policies. They are often initiated because of some external requirement, such as environmental compliance or other governmental are also available from the 'Code of Conduct' section of this site. |
|
||||||||||||
Printer friendly
Cite/link
Email
Feedback
Reader Opinion