Fitch gives Banistmo notes BBB-

Fitch Ratings said it assigned an expected rating of BBB- to Banistmo SA’s proposed senior unsecured notes of up to $500 million, with a tenor between five and 10 years. Terms are expected to be set at the time of the issuance.

The proceeds will be used for general corporate purposes.

Fitch also affirmed Banistmo’s BBB- issuer rating and negative outlook. Also, the agency affirmed the AA(pan) national rating and stable outlook.

© 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.