...Government Support Drives Ratings: Financiera de Desarrollo Territorial S.A.'s (Findeter) Long- and Short-Term Foreign and Local Currency Issuer Default Ratings (IDRs) are driven by its Government Support Rating (GSR), which is equalized to Colombia's Long-Term IDR (BB/Stable). The ratings reflect Fitch Ratings' assessment of the Colombian government's propensity and ability to provide timely support to Findeter if needed. Colombia's sovereign rating reflects its ability to support the development bank, while its propensity to support is reflected in Findeter's state ownership and policy bank role. The GSR indicates the minimum level to which the entity's Long-Term IDRs could fall if Fitch does not change its view on potential sovereign support. Findeter's National Ratings are at the highest level in the ratings scale, reflecting potential sovereign support if needed. These ratings indicate relative creditworthiness within Colombia. State Ownership: Fitch's support assessment places high...
