Moody's rates Pyme Ecofuturo debt B3

Moody's Latin America Agente de Calificación de Riesgo said it assigned a B3 global local-currency debt rating and an A1.bo national scale local-currency debt rating to Banco Pyme Ecofuturo SA’s second takedown of Bs. 16.3 million under its subordinated debt program of Bs. 100 million. The outlook is stable.

The agency said Ecofuturo’s ratings reflect its limited geographic diversification and monoline microfinance nature.

The rating also incorporates the institution's adequate asset quality, the conservative loan loss reserve policy and its good capitalization level, Moody’s said.

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