...Viability Rating (VR) Drives IDRs: Banco Corpbanca Colombia, S.A.'s (Corpbanca Colombia)' long-term local and foreign currency IDRs are driven by its VR of `bbb¡'. The bank's VR is highly influenced by its capitalization metrics and operating environment. Corpbanca Colombia's ratings also consider its solid asset quality and risk management, resilient performance, earnings diversification and stable funding base. Operating Environment Key Rating Factor: The operating environment highly influences Corpbanca Colombia's VR given the challenges associated with the recent revision of Colombia's Rating Outlook to Negative from Stable. The negative trend over the operating environment reflects a less benign macroeconomic scenario that could negatively affect the bank's capital metrics, asset quality ratios and overall profitability, among others. Adequate Capital Ratios: Capital injections and commitment to no dividend payout during the first years of operation as a merged entity support Corpbanca...
