BAC International Bank Inc.

Lead player in consumer lending in Central America; High diversification in Central America in terms of credit exposure and income generation; and Core status to its Colombia-based parent, Banco de Bogotá. Main lending operations in small size economies; Moderate risk-adjusted capital ratio reflecting region's economic risks. The stable outlook on BIB and its subsidiary Credomatic continue to reflect its stable and leading business position in Central America as the largest player in the region in terms of total assets, as well as the very profitable operations it maintained while operating in riskier economies. The outlook also reflects that on the parent, BBogota, as a result of their status as core entities. A ratings downgrade is highly unlikely, in our view,

... region's economic risks. Outlook: Stable The stable outlook on BIB and its subsidiary Credomatic continue to reflect its stable and leading business position in Central America as the largest player in the region in terms of total assets, as well as the very profitable operations it maintained while operating in riskier economies. The outlook also reflects that on the parent, BBogota, as a result of their status as core entities. A ratings downgrade is highly unlikely, in our view, since we expect BIB and Credomatic to maintain their core status to BBogota in the future. BIB, on a consolidated basis, continues to account for a great portion of its parent's earnings and capital, and the group continues to view it a cornerstone for its future strategy. In this regard, the ratings on BIB and Credomatic will move in tandem with those on the parent. Additionally, given bank's high loan and income diversification, we expect BIB to continuing to...

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