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S&P rates Banca Afirme

Bnamericas
International rating agency Standard & Poor's has issued mxBBB and mxA-2 ratings for local niche bank Banca Afirme, the agency said in a statement. The outlook is stable. The ratings are based on the bank's adequate asset quality and financial performance. Banca Afirme had assets of 6.75bn pesos at the end of June 2003, and specializes in lending to the steel, retail, services, construction and public sectors.

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