 Moodys Investors Service Moodys has today affirmed all ratings of Banco de Bogotá S.A., including its Baa2 long-term global local and foreign currency deposit ratings as well as the Baa2 long-term foreign currency senior unsecured debt ratings, following the affirmation of its ba1 baseline credit assessment BCA. The action follows the announcement on 31 October 2019 that Banco de Bogotá has reached an agreement with Panama-based Multi Financial Group MFG to acquire 100 of its capital. In addition, Moodys affirmed the ratings assigned to Grupo Aval Acciones y Valores S.A. and Grupo Aval Limited. 