Fitch affirms Banco Internacional de Costa Rica

Fitch Ratings said it affirmed Banco Internacional de Costa Rica's long-term issuer default rating at BB+, short-term issuer default rating at B, long-term national rating at AA-(pan), short-term national rating at F1+(pan), long-term rating of bonos corporativos at AA-(pan) and AA+(slv) and short-term national rating of valores comerciales negociables at F1+(pan).

The outlook is stable.

The banks ratings reflect the opinion that the bank would receive support from its shareholder Banco de Costa Rica (BB+) if needed, the agency said.

The ratings reflect the banks adequate capitalization, conservative risk management, good asset quality and enhanced profitability metrics as well as high borrower and creditor concentrations, which continue to limit the bank's individual creditworthiness, the agency said.

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