...Viability Rating (VR) Drives IDRs: Itau Corpbanca Colombia S.A.'s (Itau Colombia) Viability Rating (VR) is based on the company's improved profile and its weak profitability. Itau Colombia's ratings also reflect its adjusted capital levels, reasonable asset quality and sound risk management, as well as improvements in its liquidity management in line with the Colombian banking market and Basel 3 internal considerations. Itau Group Regional Expansion: Itau Colombia was created in 2012 as part of the regional expansion strategy of its parent, Itau Corpbanca (formerly Corpbanca). At the moment, Itau Colombia is also being integrated with its ultimate parent, the Itau Group, a Brazilian firm. The integration with Itau has benefited the Colombian franchise as it has integrated the Itau Group's strong risk management culture and adopted its brand. The move is expected to confer additional benefits on Itau Colombia as it completes its adoption of the Itau Group's business model. Limited Profitability:...
