Report
EUR 702.78 For Business Accounts Only

Banco Mercantil Santa Cruz S.A.: Acquisition of Small Business Lender to Increase Portfolio Diversification and Profitability

FINANCIAL INSTITUTIONS ISSUER IN-DEPTH 15 November 2016 RATINGS Banco Mercantil Santa Cruz S.A. FC Deposits B1/Negative LC Deposits Ba3/Negative BCA/Adjusted BCA ba3/ba3 Banco Pyme Los Andes Procredit S.A. FC Deposits B1/Negative LC Deposits Ba3/Negative BCA/Adjusted BCA ba3/ba3 Source: Moody's Investors Service Contacts Christian Pereira
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Moody's Investors Service
Moody's Investors Service

Moody's Investors Service is a leading provider of credit ratings, research, and risk analysis. Moody's commitment and expertise contributes to transparent and integrated financial markets, protecting the integrity of credit. Our ratings and analysis track debt covering more than:

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Credit ratings and research help investors analyze the credit risks associated with fixed-income securities. Such independent credit ratings and research also contribute to efficiencies in fixed-income markets and other obligations, such as insurance policies and derivative transactions, by providing credible and independent assessments of credit risk.



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