HALISTER1: S&P Revises Outlooks on Four Panamanian Banks to Stable From Neg

S&P Revises Outlooks on Four Panamanian Banks to Stable From Neg

(Bloomberg) -- S&P affirms ratings of Atlantic Security Bank, Banco Latinoamericano de Comercio Exterior S.A, Global Bank Corporation y Subsidiarias and Multibank Inc. y Subsidiarias.
  • Says sooner-than-expected improvements in Panama’s regulatory framework, in addition to the enhancements in norms aimed at preventing money laundering, will improve Panama’s institutional framework and ease the pressures on it
  • Says expect economic growth prospects to remain sound, helping to maintain the domestic banking industry’s strong asset quality across sectors
Link to Statement:Link

Alert: HALISTER1
Source: BFW (Bloomberg First Word)

Tickers
BGFG PP (BG Financial Group SA)
BLX US (Banco Latinoamericano de Comercio Exterior SA)
BOGOTA CB (Banco de Bogota SA)
1040043D PP (Atlantic Security Bank/Panama)
MFGI PP (Multi Financial Group Inc)

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