BAC International Bank Inc.

Strong business stability consequence of its lead market position in the region; High diversification along Central America in terms of credit exposure and income generation; and Core status to its Colombia-based parent, Banco de Bogotá. Main lending operation remains in small size economies; and Moderate risk-adjusted capital ratio reflecting region's economic risks. The negative outlook on BAC International Bank (BIB) and its subsidiary, Credomatic International Corp. (CIC), continue to reflect that on the parent. We expect BIB to maintain its strong presence and leadership in Central America over the next two years. We think that it's very profitable operations and its geographic diversification strategy will help to maintain its business stability. We expect BIB and CIC to maintain their core

...Outlook : Negative The negative outlook on BAC International Bank (BIB) and its subsidiary, Credomatic International Corp. (CIC), continue to reflect that on the parent. We expect BIB to maintain its strong presence and leadership in Central America over the next two years. We think that it's very profitable operations and its geographic diversification strategy will help to maintain its business stability. We expect BIB and CIC to maintain their core subsidiary status to Banco de Bogota (BdeB) 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 as a cornerstone for its future strategy. In this regard, the ratings on BIB and CIC will move in tandem with those on the parent....

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