Honduran Banks Outlook

©image: Fitch Ratings

Risks faced by Honduran banks due to the adverse economic environment have increased as a result of recent political events in the country. A Fitch report on April 2009 reported that Honduran banks were sensibly affected by the adverse local and regional economic environment. This was particularly visible in less profit, as well as a deterioration of the loan portfolio. Right now, Honduran banks face greater challenges, due to higher currency exchange risks, and worse credit portfolios.

Despite recent political developments, Fitch has not changed the credit ratings of Honduran banks, because the situation has not yet affected their operations, deposits, liquidity or performance....

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April 2010

Latin America is poised for an economic recovery in 2010 with Fitch Ratings forecasting the region's real GDP growing by 4% in 2010.

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Fitch Affirms Costa Rica's Ratings

February 2009

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