Fitch revises Global Bank view to stable

Fitch Ratings said it revised its outlook for Global Bank Corp. to stable from negative and affirmed its BB+ issuer default and international debt ratings.

The stable outlook reflects the view that the challenges in Panama’s operating environment have lessened, “and the bank has been able to sustain capitalization metrics and profitability metrics above 10% and 0.5%. In addition, GBC has kept asset quality deterioration under control and has maintained its market position,” the agency said in a press release.

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