OREANDA-NEWS. Following its peer review of Uruguayan Financial Institutions, Fitch Ratings has taken the following rating actions:

Scotiabank Uruguay:
-- Long-Term Foreign Currency Issuer Default Rating (IDR) affirmed at 'BBB+'; Outlook Stable;
-- Long-Term Local Currency IDR affirmed at 'A-'; Outlook Stable;
--Support rating affirmed at '2';
--Viability rating affirmed at 'bb-'.

HSBC Uruguay:
--Long-term Foreign Currency IDR affirmed at 'BBB+'; Outlook Stable;
--Long-term Local Currency IDR affirmed at 'A-'; Outlook Stable;
--Support rating affirmed at '2';
--Viability rating affirmed at 'b+'.

Banco de la Nacion Argentina (Sucursal Uruguay) (BNAUY)
--Long-Term Foreign Currency IDR upgraded to 'B' from 'CCC'; Outlook Stable;
--Long-Term Local Currency IDR upgraded to 'B' from 'CCC'; Outlook Stable;
--Support rating upgraded to '4' from '5'.

Cooperativa de Ahorro y Credito FUCEREP:
--Long-term Foreign and Local Currency IDRs affirmed at 'B'; Outlook revised to Negative from Stable;
--Viability rating affirmed at 'b'
--Support rating affirmed at '5';
--Support rating floor affirmed at 'NF'.