• +353-1-415-1241(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
Research Update: BAC International Bank Inc. Ratings Affirmed At 'BBB-/A-3'; Outlook Is Stable Dec 11 Product Image

Research Update: BAC International Bank Inc. Ratings Affirmed At 'BBB-/A-3'; Outlook Is Stable Dec 11

  • Published: December 2011
  • Region: Global
  • Standard & Poors

Abstract
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.
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 READ MORE >

BAC International Bank Inc.,Banco de Bogota S.A. y Subsidiarias,Credomatic International Corp.

Note: Product cover images may vary from those shown

RELATED PRODUCTS