...High geographic concentration in Puerto Rico, which has been plagued by infrastructure issues, fiscal austerity, and outmigration Outlook: Positive S&P Global Ratings' outlook on Popular Inc. is positive, reflecting our view that the rating could rise within the next 12 months if we believe that the bank will maintain its higher capital ratios or if nonperforming (NPLs) decline meaningfully. We think the improvements in the bank's financial performance abetted by the inflow of relief and insurance funds could more than offset the various economic and infrastructure challenges on the island following Hurricane Maria and the austerity measures that the commonwealth will continue to implement. Conversely, we could revise the outlook back to stable if loan performance were to deteriorate materially, which we do not currently expect, or if capital ratios decline substantially, potentially because of increased capital returns to common shareholders, acquisitions, or additional purchases of loan...