...Support Rating: Banco BBVA Colombia S.A.'s (BBVA Colombia) IDRs, National and senior debt ratings reflect the support it would receive from its parent, Banco Bilbao Viscaya Argentaria (BBVA; A¡/Stable), should it be required. Fitch Ratings believes BBVA Colombia is a strategic subsidiary for its parent mainly due to the relevance of its Latin American operations and the integration and synergies between the entities. Furthermore, BBVA Colombia's profitability and growth potential sustain our assessment of support. Good Asset Quality: BBVA Colombia's loan quality metrics deteriorated in 2017, although they remained in line with its current VR. As was the case across the Colombian banking system, the deterioration reflected the impact of a weaker economic cycle and specific credit events. Fitch believes that the bank's adjustments to risk policies and fine tuning of risk models will lead to a recovery in loan quality ratios over the medium term. Strong Risk Management: Despite its retail...
