Panama on the way to compliance with Basel II

Panama's banking regulator is preparing the ground for application of new rules established by the Basel II agreement.

Monday, May 26, 2008

As part of the initial stage of the process, banks will have to contract specialized ratings and risk analysis companies in accordance with the agreement. They have until the end of June to make the appropriate arrangements, banking superintendent Olegario Barrelier reminded them in a circular issued this week.

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Moody's Improves Nicaragua's Sovereign Rating

July 2015

Better ability to handle fiscal accounts and an upward trend in foreign investment are the factors that the rating based its upgrade on, changing the debt rating from B3 to B2.

From a press release issued by Moody's:

New York, July 10, 2015 -- Moody's Investors Service has upgraded Nicaragua's foreign and local currency government's issuer ratings to B2 from B3; outlook remains stable.

Guatemala: Risk Rating Mandatory for Banks

November 2014

In order to improve risk management in the banking system, from the second half of 2015, all entities must have an official credit rating.

This initiative comes in response to article 58 of the Law on Banks and Groups, which will be implemented by the Superintendency of Banks (SIB).

Bank of El Salvador Suffers From Increased Country Risk

August 2013

In mid-July Fitch Ratings downgraded to El Salvador from "BB" to "BB-" and only a day later downgraded the rating for the Banco Agrícola from "BBB-" to "BB +" and that of Davivienda from "BB to BB-" .

The downgrading of the country by international rating agencies has spread to private banks such as the Agrícola and Davivienda who also had their ratings downgraded.

Changes in Panama's Banking Regulation

November 2009

The Banking Superintendence rendered void the 2008 Agreement 2, enacted July 3, 2008.

This temporary regulation established "general parameters and guides for valuating market or credit risk insurance guarantees", explained journalist Edith Castillo Duarte in

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Pacific Credit Rating Panamá

Organization that operates in Costa Rica, El Salvador, Guatemala and Panama.
Phone: (507) 214 4603

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