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Fitch Takes Rating Actions on Colombia's Largest Banks Following Peer Review

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NEW YORK--(BUSINESS WIRE)--Fitch Ratings has completed its review of Colombia's five largest banks and their related entities. As a result of the review, the ratings for Bancolombia and Banco Davivienda have been upgraded and the ratings for Banco de Bogota, BBVA Colombia and Banco de Occidente have been affirmed. The Rating Outlook for the ratings is Stable. The five banks considered in this peer review have market shares between 7% and 22% by assets in the Colombian banking system and togethe

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