Banpais’ national scale long-term rating was upgraded to ‘A+(hnd)’ from ‘BBB-(hnd)’, while the national scale short-term rating was upgraded to ‘F1(hnd)’ from ‘F3(hnd)’.
The outlook is stable.
The upgrade reflects the potential support it will likely receive from newly formed parent Panama-based BC, which recently acquired an 89.75 pct stake in Banpais.
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