S&P revises Banco General, Banconal views to stable

S&P said it revised its outlooks on Banco General SA and Banco Nacional de Panama (Banconal) to stable from negative and affirmed its BBB/A-2 long- and short-term issuer credit ratings on the entities.

Additionally, S&P affirmed the BBB global scale issue ratings on both banks' senior unsecured notes and the BB- ratings on Banco General's subordinated notes.

The outlook revision on the sovereign rating on Panama led to outlook revisions on Banco General and Banconal,” S&P said in a news release.

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