Fitch upgrades outlook on Banvivienda ratings to stable

Wednesday, May 18, 2011

Fitch upgraded the outlook on its ratings for Panama's Banvivienda to stable from negative, the ratings agency said in a press release.

The ratings action was the result of a new management team at the bank, as well as its improved performance during 2010.

At the same time, the quality of the bank's loan portfolio has improved significantly, a trend which Fitch expects to continue.

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To read the full report in Spanish, go to this link