Banking - El Salvador - Panama

Ratings roundup: Banco Azteca, Banco Agrícola, Banco Citibank

Ratings roundup: Banco Azteca, Banco Agrícola, Banco Citibank

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Fitch has affirmed its long and short-term national scale ratings on the Panamanian unit of Mexico's Banco Azteca at BB-(pan) and B(pan), respectively, with a stable outlook.

In a press release, the agency said Banco Azteca Panamá's ratings are based on the potential support from Banco Azteca, which is rated at A(mex).

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

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Equilibrium has affirmed its EAA+.sv rating on El Salvador's largest bank, Banco Agrícola, with a stable outlook, the agency said in a report.

The rating reflects Agrícola's credit quality, diversified funding base and efficiency and profitability levels.

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

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Equilibrium also affirmed its EAA+.sv rating on the El Salvadorian banking unit of Citi (NYSE: C), Banco Citibank, the agency said in a separate report.

The rating reflects the bank's solvency, diversified funding base, improved efficiency levels and its position as part of Citigroup, among others.

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

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