Fitch affirms some Banco BHD ratings

Fitch Ratings said it has upgraded the foreign currency long-term issuer default rating of Banco BHD and Republic Bank to B from B- and affirmed Banco BHD and Republic Bank's other international and national ratings.

The upgrade in the sovereign rating reflects the country's comparably low external and public debt burdens, manageable debt service profile as well as a consolidation of the economic recovery.

Nevertheless, in spite of recent improvements, the Dominican Republic's credit profile continues to be constrained by low liquidity, a situation that can be exacerbated by a loss of confidence and ensuing capital flights, the agency said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.