Moody's rates Bicbanco notes B1

Moody's Investors Service said it assigned a B1 long-term foreign-currency rating to Banco Industrial e Comercial SA- Bicbanco's $200 million euro medium-term note program. In addition, Moody's assigned a B1 long-term foreign-currency rating to the $30 million three-year senior unsecured notes issued under the program.

The outlook is positive.

Moody's stated that the B1 rating incorporates Bicbanco's fundamental credit quality, which is reflected by its Ba3 global local-currency deposit rating and which includes all relevant country risks.

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