...IDR's Viability Ratings Driven: The issuer default ratings (IDRs) of Banco Popular Dominicano (BPD), Banco BHD (BHD) and Banreservas are driven by their viability ratings (VRs), or stand-alone intrinsic financial strengths. Banco Multiple Leon's (BML) IDRs factor in potential extraordinary institutional support. Operating Environment: The operating environment is a key factor driving Fitch Ratings analysis of Dominican banks. The Rating Outlook for the long-term IDRs of banks included in this analysis is stable, in line with Dominican Republic's sovereign ratings. In some cases, these banks' IDRs are constrained by the sovereign, thus, there is no upside potential of the banks' international ratings in the near term. Stable Asset Quality: Asset quality indicators have remained stable or improved at all the banks covered in this review, driven by moderate loan growth, better operating environment. However, asset quality at Dominican banks is weaker than international peers (emerging market...
