Moody's: Fondo Financiero debt B3

Moody's Investors Service said it assigned Fondo Financiero Privado Eco Futuro's subordinated debt program of Bs.100 million a provisional B3 global local currency debt rating.

Additionally, Moody's assigned a B3 global local currency debt rating to the first expected issuance under the program of Bs. 32 million. At the same time, Moody's Latin America assigned an A1.bo local currency national scale debt rating to the bank's subordinated debt program and to the first expected issuance under the program.

The outlook is stable.

Moody's said the B3 local currency subordinated debt rating derives from Fondo Financiero's B2 global local currency deposit rating, and as such, it takes the seniority of the notes into account.

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