Research Update: BAC International Bank Inc. Ratings Affirmed At 'BBB-/A-3'; Outlook Is Stable Dec 11
- Language: English
- Published: December 2011
- Region: Global
MEXICO CITY (Standard & Poor's) Dec. 8, 2011--Standard & Poor's Ratings Services today said it assigned its ratings to Colombia-based Banco de Bogota S.A. y Subsidiarias and affirmed its existing ratings on the bank's core subsidiaries: BAC International Bank Inc. and Credomatic International Corp. We also affirmed the ratings on Colombia-based Banco Davivienda S.A. These rating actions follow the application of our new ratings criteria for banks and our revised group methodology criteria and assumptions, which were published on Nov. 9, 2011. See the ratings list for the ratings on these banks and their related subsidiaries, including any rating changes that resulted from applying these criteria. We will publish individual research updates on each bank identified below, including a list...
Companies mentioned in this report are: Banco Davivienda S.A.,Banco de Bogota S.A. y Subsidiarias,Credomatic International Corp.,BAC International Bank Inc.
Action: New Rating
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.
SHOW LESS READ MORE >
Banco Davivienda S.A.,Banco de Bogota S.A. y Subsidiarias,Credomatic International Corp.,BAC International Bank Inc.