Banking - Costa Rica

Moody's assigns D+ financial strength rating to Banco de Costa Rica

Moody's assigns D+ financial strength rating to Banco de Costa Rica

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Moody's has assigned a standalone bank financial strength rating (BFSR) of D+ and a standalone baseline credit assessment (BCA) of baa3 to state-owned Banco de Costa Rica (BCR), the agency said in a release.

The outlook on all ratings is stable.

The D+ standalone BFSR and baa3 BCA assigned to Banco de Costa Rica reflect the bank's dominant franchise in both corporate and retail banking, stable asset quality and local funding access aided by the government guarantee on its deposit obligations...

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