Honduras: Fitch improves ratings for FICOHSA bank to A-(hnd)

Fitch upgraded long term and short term ratings for FICOHSA bank to A-(hnd) and F1(hnd), up from BBB+(hnd) and F2(hnd), respectively.

Tuesday, September 23, 2008


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At the same time it also upgraded the ratings for FICOHSA Corporate Bonds from BBB+(hnd) to A-(hnd). The outlook assigned is stable.
The new ratings reflex the strengthening of FICOHSA bank's networth, improvements in financial performance, and the strengthening of its participation in the commercial banking system market in Honduras.

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Fitch: Ratings of Costa Rican Financial Institutions

April 2008

In its semi-annual review of national ratings assigned to Costa Rican financial institutions, based on results to Dec. 31, 2007, Fitch announced the ratings it has given.

The ratings are as follows:
Banco Crédito Agricola de Cartago: AA+(cri) for the short term. Outlook: stable.

Fitch Increases Banco Nacional Rating to AA+

April 2010

Fitch Ratings increased Panama’s Banco Nacional Long Term Rating to AA+ and ratified its short term rating at F1+.

Its long term outlook is “stable”.

Banconal’s rating was increased following Fitch’s upgrade of
Panama’s soverign rating to “BBB-“. Such upgrade reflected sustained improvements in Panama’s public finances, strengthened by recent tax reforms and its resistance to the global economic crisis.

Fitch Ratings Affirms Rating of BB + for Guatemala

August 2012

The agency has affirmed the international rating of Guatemala as 'BB +' with Stable Outlook.

From a statement by Fitch Ratings:

Fitch Ratings-New York-31 July 2012: Fitch Ratings has affirmed the issuer default rating (IDR) and the Country Ceiling for Guatemala as follows:

S&P Upgrades Guatemala's Rating

September 2012

The promotion to "BB" rating with a stable outlook is based on better GDP growth and tax revenues.

From the press release:

Summary

We expect that the government of Guatemala will reduce fiscal deficits averaging 2.5% of GDP over the next three years, compared with previous estimates of over 3% of GDP.

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