Fitch cuts Banco Guayaquil

Fitch Ratings said it lowered Banco Guayaquil SA's issuer rating to CCC+ from B- along with the ratings of several other Ecuadorian banks.

The downgrade reflects a similar action on Ecuador’s long-term issuer default rating to CCC+ from B-, the agency said in a press release.

Fitch said it usually does not assign an outlook to ratings of CCC+ and under.

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