New York, November 23, 2015 -- Moody's Investors Service has today affirmed the Ba3 long-term foreign currency issuer rating of Banco de Desarrollo de El Salvador (BANDESAL), and changed the outlook to negative from stable. The rating action follows Moody's outlook change on El Salvador's Ba3 government bond rating to negative from stable. For details on this rating action please refer to Moody's press release "Moody's changes outlook on El Salvador's Ba3 ratings to negative from stable; ratings affirmed", dated 19 November 2015.
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