...Institutional Support-Driven IDRs: Banco BAC San JosT, S.A.'s (BAC San Jose) Issuer Default Ratings (IDRs) are driven by the support it would receive from its parent, Banco de Bogota (`BBB, Negative Outlook/F2'), as Fitch considers it as a core subsidiary. Banco de Bogota's ability to support BAC San Jose is reflected in its IDR. The bank's SR of `2' reflects Banco de Bogota's high probability of providing support to BAC San Jose, if required. Integral Part of BAC|Credomatic Group: BAC|Credomatic group integrates banks, credit card issuers and financial services providers in the Central American region with a highly recognized franchise. BAC San Jose is the main bank of the group, accounting for 25% of its consolidated assets and 24% of its net income, as of March 2016. The bank has a solid track record as the largest private bank competing for the third place nationally in terms of assets. Consistently High Profitability: BAC San Jose is one of the most profitable banks in Costa Rica due...
