Honduras: Fitch improves ratings for FICOHSA bank to A-(hnd)

Fitch upgraded long term and short term ratings for FICOHSA bank to A-(hnd) and F1(hnd), up from BBB+(hnd) and F2(hnd), respectively.

Tuesday, September 23, 2008


©image: ficohsa.com

At the same time it also upgraded the ratings for FICOHSA Corporate Bonds from BBB+(hnd) to A-(hnd). The outlook assigned is stable.
The new ratings reflex the strengthening of FICOHSA bank's networth, improvements in financial performance, and the strengthening of its participation in the commercial banking system market in Honduras.

More on this topic

Fitch: Ratings of Costa Rican Financial Institutions

April 2008

In its semi-annual review of national ratings assigned to Costa Rican financial institutions, based on results to Dec. 31, 2007, Fitch announced the ratings it has given.

The ratings are as follows:
Banco Crédito Agricola de Cartago: AA+(cri) for the short term. Outlook: stable.

Fitch Increases Banco Nacional Rating to AA+

April 2010

Fitch Ratings increased Panama’s Banco Nacional Long Term Rating to AA+ and ratified its short term rating at F1+.

Its long term outlook is “stable”.

Banconal’s rating was increased following Fitch’s upgrade of
Panama’s soverign rating to “BBB-“. Such upgrade reflected sustained improvements in Panama’s public finances, strengthened by recent tax reforms and its resistance to the global economic crisis.

Guatemala Faces Four Risks

June 2009

Guatemala´s BB+ sovereign risk rating and stable perspective, which is so close to the desired “Investment Grade,” is facing four threats.

According to an article by C.Véliz and J. Gramajo in Sigloxxi.com, Mauricio Choussy, the director of Fitch Central America, notes that four weaknesses persist in the country: “Low tax revenue, weak social indicators, social instability, and high levels of delinquency.”

Fitch Maintains El Salvador’s Rating

July 2010

Fitch Ratings has announced that the country’s long term foreign and local currency rating remains “BB” with a negative outlook.

Fitch has also announced El Salvador’s short term rating as “B” and the country’s rating as “BBB-”.

El Salvador’s risk profile is a function of its monetary stability (helped by its official dollarization), a good history of structural reform, a stable financial system and the continuing support of multinational institutions. In addition, the country has coped well with the global financial crisis and unprecedented domestic political transition, in which the left-wing FMLN government took power after approximately 20 years of rule by the right-leaning ARENA party.


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