Friday, 27 November 2020

Costa Rica Negative Outlook Spreads to Banks

banco-nacional-de-costa-ricaQCOSTARICA – Fitch Ratings has revised from “stable” to “negative” its perspective for international long-term ratings of the private bank BAC San José and the state banks Banco Nacional, Banco Popular, Banco Internacional and Banco de Costa Rica.

From a statement issued by Fitch Ratings:

Fitch Ratings has revised the Outlook for international long-term ratings of four Costa Rican banks and a Panamanian subsidiary from Stable to Negative, after having revised the Perspective for Costa Rica’s sovereign rating from stable to negative :

- Advertisement -

– Banco BAC San José, SA (BAC San José);
– Banco de Costa Rica (BCR);
– Banco Internacional de Costa Rica (BICSA);
– Banco Nacional de Costa Rica (BNCR);
– Banco Nacional de Costa Rica (BPDC).

Fitch has affirmed the international ratings on short and long-term local and foreign currency (Issuer Default Ratings or IDRs), viability ratings (VR) and support ratings (SR) of these entities. These actions are the result of the recent revision of the Outlook for the sovereign rating of Costa Rica, from Stable to Negative. (see article Fitch’ Revises Costa Rica’s Outlook to Negative; Affirms IDRs at ‘BB +’, published on January 22, 2015 ).

- Advertisement -
"Rico" is the crazy mind behind the Q media websites, a series of online magazines where everything is Q! In these times of new normal, stay at home. Stay safe. Stay healthy.

Related Articles

We understand why older people like them more now

QCOSTARICA - Costa Rica's new twenty rojos* bill was rolled out,...

Patient whose penis was amputated sent a loving message to his girlfriend

QCOSTARICA - A man named García, a resident of Osa, in...


Puntarenas reaches the highest number of homicides in the last five years

QCOSTARICA - With the homicide of a 61-year-old man this Sunday, in Puntarenas, the province reaches 77 murders, the highest number in the last...

Covid-19 in Costa Rica: 1,187 new cases for Friday; concern for rise in hospitalizations

QCOSTARICA - Alone at the conference table from Casa Presidencial, the Minister of Health, Daniel Salas, made the rare appearance lately to provide us...

Son planned the murder of his mother to collect ¢1 million life insurance

QCOSTARICA - A 20-year-old man was arrested this Wednesday on suspicion of planning the murder of his mother to collect a life insurance policy...

Cuba: Barter for intimacy the most natural thing in the world

HAVANA TIMES – Cuba’s employment situation is difficult. Some retain their jobs, others have had to retire or remain at home, receiving 60% of...

AyA billing disaster puts Ticos in trouble

AyA billing disaster puts Ticos in trouble: utillity does not solve anything! See Aresep gives AyA one month to resolve water bill errors

Turrialba Volcano will once again amaze visitors with guided tours from sunrise

QCOSTARICA - With a string of walks that will begin at 5 am and will continue every hour until 10 am, in groups of...

Let's Keep This Going!

To be updated with all the latest news and information about Costa Rica and Latin America.

Log In

Forgot password?

Forgot password?

Enter your account data and we will send you a link to reset your password.

Your password reset link appears to be invalid or expired.

Log in

Privacy Policy

Add to Collection

No Collections

Here you'll find all collections you've created before.