Fitch upgrades outlook on Banvivienda ratings to stable

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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