Following its peer review of the Panamanian midsized banks, Fitch Ratings has taken rating actions on the following entities:
--Banco Aliado, S.A.;
--Banco Internacional de Costa Rica, S.A.;
--Banco Panameno de la Vivienda, S.A.;
--Caja de Ahorros;
--Credicorp Bank, S.A.;
--Multibank, Inc.;
--Towerbank International, Inc.
Fitch has published press releases for each of these banks, which are available on 'www.fitchratings.com' and 'www.fitchcentroamerica.com'. These RACs include each issuer's key rating drivers and sensitivities, as well as the list of all rating actions taken.
Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.
Applicable Criteria and Related Research:
--'Global Bank Rating Criteria' (March 2015).
Applicable Criteria and Related Research:
Global Bank Rating Criteria
http://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501
ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.
View source version on businesswire.com: http://www.businesswire.com/news/home/20150522005828/en/
Contacts:
Mark Narron (Primary Analyst, Banco Internacional de
Costa Rica and Multibank, Secondary Analyst, Credicorp)
Director
+1-212-612-7898
Fitch
Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Marcela
Galicia (Primary Analyst, Banco Panameno de la Vivienda, Caja de Ahorro
and Credicorp)
Director
+503 2516 6616
Edificio Plaza
Cristal, Tercer Nivel
79 Ave. Sur y Calle Cuscatlan
Col.
Escalon San Salvador, El Salvador
or
Mario Hernandez (Primeray
Analyst, Banco Aliado)
Associate Director
+503 2516 6614
or
Dario
Sanchez (Primary Analyst, Towerbank)
Associate Director
+503
2516 6608
or
Rene Medrano (Secondary Analyst, Banco Aliado,
Banco Panameno de la Vivienda, Caja de Ahorros, Multibank, and Towerbank)
Senior
Director
+503 2516 6610
or
Edgar Cartagena (Secondary
Analyst, Banco Internacional de Costa Rica)
Director
+503 2516
6613
or
Rolando Martinez (Secondary Analyst, Banco Aliado)
Director
+503
2516 6619
or
Committee Chairperson
Franklin Santarelli
Managing
Director
+1-212-908-0739
or
Media Relations:
Elizabeth
Fogerty, +1 212-908-0526
elizabeth.fogerty@fitchratings.com