Summary: Banco Latinoamericano de Comercio Exterior S.A. Jan 10
Standard & Poors, January 2010
Abstract
Our ratings on Banco Latinoamericano de Comercio Exterior (Bladex) are based on the bank's outstanding asset quality, good management team, sustained good financial profile, adequate capital, and liquidity. These strengths are somewhat offset by its exposure to countries that suffer cyclically from financial distress, its concentrated deposit base, and the absence of a "lender of last resort" in Panama. Standard & Poor's Ratings Services views Bladex's asset quality as having been of superb quality during the past three years, thanks to sound underwriting standards and the strong monitoring and management of its loan portfolio despite more-stressed operating conditions. Since 2006, the bank has maintained an enviable credit loss record, with no nonperforming assets (NPAs). As of September 2009, the bank's...
Companies mentioned in this report are: Banco Latinoamericano de Comercio Exterior S.A.
Action: Review
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
Banco Latinoamericano de Comercio Exterior S.A.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
