S&P revises view on two Panamanian banks to negative

S&P said it revised the outlooks for Banco General SA and Banco Nacional de Panama to negative from stable following the revision of the outlook on Panama to negative from stable on Friday.

S&P said it assumes “an almost certain likelihood of extraordinary government support,” which is why it links the outlooks.

The agency said it affirmed the BBB+ ratings and the banks on their senior unsecured debt, where applicable.

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