...Parent Support: BAC International Bank, Inc.'s (BIB) Issuer Default Ratings (IDRs) and National Ratings are driven by the potential support it could receive from its parent, Banco de Bogota, S.A. (Banco de Bogota; Foreign Currency IDR: BB+/Stable Rating Outlook), if required. The Stable Rating Outlook on BIB's Long-Term Ratings mirrors Banco de Bogota's Rating Outlook. Core Operation to Parent due to Relevant Regional Footprint: BIB's key and fundamental role is to serve Banco de Bogota's international strategy and regional operations, providing core services and products to a core market. BIB has a general license in Panama and it consolidates BAC Credomatic's group operations in Central America. BIB is the largest financial group in the region with well-integrated operations between its subsidiaries. As of March 2021, BIB had consolidated assets of about USD26.8 billion. BIB Included in Parent's Cross-Default Clauses: The existence of cross-default clauses highly influences Fitch Ratings'...
