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Fitch affirms Findeter
Fitch Ratings said it affirmed Financiera de Desarrollo Territorial SA's (Findeter) long-term foreign and local currency issuer default ratings at BBB.
The outlook is stable.
The agency said the affirmation of Findeter's ratings reflects an unchanged view of potential support, if it were needed, by the government of Colombia.
Although the Colombian government does not explicitly guarantee all Findeter's liabilities, Fitch said it views the entity as an integral arm of the state given its importance to the implementation of the government's national development plan, its role in financing regional and urban infrastructure, and its majority ownership by the state.
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