S&P affirms Bladex

S&P said it affirmed its BBB long-term and A-2 short-term global scale issuer credit ratings on Banco Latinoamericano de Comercio Exterior SA (Bladex).

The outlook remains stable.

At the same time, the agency affirmed the global-scale BBB and national-scale mxAAA issue-level ratings on the bank.

S&P said the ratings on Bladex reflect its importance as a key player in the trade finance business in the region and its operating revenue stability with a smaller credit portfolio.

The ratings also reflect an expected risk-adjusted capital ratio of 10.9% for 2018-2019, considering a resumption in credit growth, and internal capital generation, accompanied by reasonable quarterly dividend payments, 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.