BAC International Bank Inc.

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

...Outlook : Negative The negative outlook on BAC International Bank Inc. (BIB) and its subsidiary Credomatic International Corp. (CIC) continue to reflect that on Banco de Bogota S.A. y Subsidiarias (BdeB). We expect BIB to maintain its strong presence and leadership in Central America over the next two years in terms of loans and deposits. Additionally, we believe that its profitable operations and large geographic diversification strategy will help maintain business stability despite economic challenges in the region. We expect BIB and CIC to maintain their core status to BdeB. BIB, on a consolidated basis, continues to account for a large portion of its parent's earnings and capital, and the group continues to view BIB as a fundamental subsidiary 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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