Fitch gives Banco Continental de Panama bonds BBB-

Fitch Ratings said it expects to rate Banco Continental de Panama SA's upcoming $150 million senior unsecured bond issue at BBB-.

The expected rating on the issue is in line with the bank's long-term rating, the agency said.

Fitch noted the ratings assigned to Banco Continental de Panama and subsidiaries reflect its established franchise in Panama, healthy operating profitability and asset quality and solid capital base, while also factoring in the risks associated with expansion into less stable economies and somewhat limited revenue diversification.

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