Summary: Banco Latinoamericano de Exportaciones S.A. Dec 08
Standard & Poors, December 2008
Abstract
The ratings on Banco Latinoamericano de Exportaciones S.A. (Bladex) are based on its conservative risk management and a successful strategy. This strategy has resulted in significant growth of its loan portfolio, a more diversified customer and geographic base, and good quality. The rating is also supported by a growing revenue base, good liquidity, and adequate capital levels resulting in good financial performance during the past two years and good risk management. The short-term nature of the trade-finance business in Latin America and Bladex's preferred creditor status has enabled it to recover rapidly from crises in Latin America, where it operates. The ratings are constrained by the bank's exposure to countries that cyclically suffer from financial distress, a concentrated deposit base,...
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.
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