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Banco Latinoamericano de Comercio Exterior Forthcoming Senior Unsecured Up To $350 Million Rated Foreign Currency 'BBB' Mar 12 Product Image

Banco Latinoamericano de Comercio Exterior Forthcoming Senior Unsecured Up To $350 Million Rated Foreign Currency 'BBB' Mar 12

  • Published: March 2012
  • Standard & Poors

Abstract
The ratings on BLX reflect the Panama-based bank's adequate business position, strong capital and earnings, adequate risk position, above-average funding, and adequate liquidity compared with those of other Latin American banks. We are assigning our 'BBB' foreign currency rating to BLX's senior unsecured, medium-term euro notes equivalent to up to $350 million. We expect BLX will maintain its business niche as a regional specialist in trade finance, strong capitalization, and low credit losses. MEXICO CITY (Standard & Poor's) March 22, 2012--Standard & Poor's Ratings Services said today that it assigned its 'BBB' foreign currency rating to the up to $350 million in senior unsecured notes issued by Banco Latinoamericano de Comercio Exterior S.A. (BLX; BBB/Stable/A-2) under a medium-term euro program...

Companies mentioned in this report are: Banco Latinoamericano de Comercio Exterior S.A.
Action: New Rating

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Banco Latinoamericano de Comercio Exterior S.A.

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