Fitch affirms DFL

Fitch Ratings said it affirmed the following ratings for DFL Caribbean Holdings Ltd. and its subsidiary, Development Finance Ltd.: long-term issuer default rating at BB; short-term issuer default rating at B; individual rating at D; and support rating at 3.

Fitch said it also downgraded DFL's preferred stock rating to B- from B+.

The outlook is stable.

DFL's long-term issuer default rating is underpinned by Fitch's view that there is moderate probability of support, which is reflected in the 3 support rating, from DFL's owners in the event of need.

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