Site Meter
Send Us An Email
Panama Guide

Welcome to Panama Guide
Friday, March 22 2019 @ 12:21 AM UTC

Standard & Poor's Rating of Panamanian Banks Improves

Money MattersMUMBAI (Thomson Financial) - Standard & Poor's Ratings Services said it has raised its banking industry country risk assessment (BICRA) on Panama to 'Group 6' from 'Group 7' The rating action primarily reflects an improved industry risk profile in the country that, combined with good prospects for growth and continued stability in the economy, should have a positive effect on the banking system, S&P said. The improvement in the banking industry country risk combined with positive trends in other factors specific to an individual bank could contribute to a change in the ratings on a bank, the ratings agency said. The Panamanian banking system enjoys good client diversification, since most of the loan portfolio is retail oriented, S&P said. However, the major potential source of problems for banks could be the mortgage portfolio, despite its good performance during the past decade, the ratings agency said in a statement. tfn.newsdesk@thomson.com net/man
Share
  • Facebook
  • Google Bookmarks

Story Options

Standard & Poor's Rating of Panamanian Banks Improves | 0 comments | Create New Account
The following comments are owned by whomever posted them. This site is not responsible for what they say.