Fitch affirms Bladex

Fitch Ratings said it affirmed Banco Latinoamericano de Comercio Exterior's (Bladex) long-term foreign-currency issuer default rating at BBB, short-term foreign-currency issuer default rating at F2, viability rating at BBB and national long-term rating at AA-(cl).

The ratings reflect its ample trade finance expertise, sound asset quality and reserves, improving performance and ample, proven liquidity, Fitch said.

The ratings are tempered by the significant concentration on both sides of the company's balance sheet, the agency said.

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