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Research Update: BAC International Bank Inc. Ratings Affirmed At 'BBB-/A-3'; Outlook Is Stable Dec 11
Standard & Poors, December 2011
Following a review of BAC International Bank Inc. under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed the global ratings on the bank at 'BBB-/A-3'. The outlook is stable. The ratings reflect the bank's core status to Banco de Bogot- (BBB-/Stable/A-3), the main subsidiary of Grupo Aval Acciones y Valores S.A. y Subsidiarias; adequate business and risk positions, capital and earnings, and liquidity; and average funding, similar to other Panamanian and Latin American banks. We expect the bank to maintain its good performance, presence in Central America, and strong loss experience. As we previously announced, on Dec. 8, 2011, Standard & Poor's Ratings Services affirmed its issuer credit ratings on Panama-based BAC International Bank...
Companies mentioned in this report are: BAC International Bank Inc.,Banco de Bogota S.A. y Subsidiarias,Credomatic International Corp.
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
BAC International Bank Inc.,Banco de Bogota S.A. y Subsidiarias,Credomatic International Corp.