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Banco Internacional de Costa Rica S.A. 'BB/B' Counterparty Credit Ratings Affirmed On Improving Financial Performance Aug 11
Standard & Poors, Aug 2011
Abstract
Banco Internacional de Costa Rica S.A.'s satisfactory financial performance has remained resilient to the global economic slowdown. We are affirming the 'BB/B' counterparty credit ratings on the bank. The stable outlook reflects our expectation that the bank will maintain its financial performance at current levels because of its tighter operational controls and disciplined approach to loan portfolio growth. MEXICO CITY (Standard & Poor's) Aug. 22, 2011--Standard & Poor's Ratings Services affirmed its 'BB/B' counterparty credit rating on Banco Internacional de Costa Rica S.A. (BICSA). The outlook is stable. The affirmation reflects the bank's improving financial performance. The ratings on BICSA are constrained by its asset concentration in Central American nations within the 'BB' category long-term sovereign ratings. However, the ratings...
Companies mentioned in this report are: Banco Internacional de Costa Rica S.A.,Costa Rica (Republic of)
Action: Affirmed
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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