...Strong Parent Support: Corporacion Financiera Colombiana S.A.'s (Corficolombiana, or CFC) ratings reflect the potential support it would receive from its main shareholder, Banco de Bogota, should it be required. In Fitch Ratings' opinion, Corficolombiana's long-term equity investments and vigorous treasury activity make it a core part of Banco de Bogota and the wider Grupo Aval businesses. As such, the entity allows Colombia's largest financial conglomerate to have a foothold in the real economy and a key gauge in the local capital market. Long-Term Investment Focus: Corficolombiana is an investment-holding company that controls or holds significant interests in various companies in Colombia and abroad. Its investments are largely concentrated in the gas, energy and mining sectors (54% of its dividend flows at December 2014) and infrastructure (34%). In addition, Corficolombiana has invested in agribusiness and hospitality, but these activities have not yet produced significant dividends...
