Mexico, January 17, 2014 -- Moody's Investors Service today affirmed all of Grupo Aval Acciones y Valores S.A.'s (Grupo Aval) ratings and changed the outlook to stable, from negative. The ratings affirmed were the Baa3 long-term local and foreign currency issuer ratings and Prime-3 short-term local and foreign currency issuer ratings. Moody's also affirmed Grupo Aval's Baa3 long-term foreign currency debt rating of the senior unsecured notes issued by the Cayman Islands-based Grupo Aval Limited, a fully guaranteed subsidiary of Grupo Aval.

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