Following the outlook revision on Colombia-based bank Banco de Bogotá, we are revising the outlook on its subsidiaries, BAC International Bank and Credomatic International, to positive from stable. We also affirming the long-term 'BBB-' and short-term 'A-3' issuer credit ratings on both entities. We expect these entities to remain core subsidiaries to their parent and keep their leading position in Central America. On Aug. 30, 2012, Standard&Poor's Ratings Services revised its long-term rating outlook on BAC International Bank Inc. (BIB) and its core and main operating entity, Credomatic International Corp., to positive from stable. At the same time, we affirmed our long-term 'BBB-' and short-term 'A-3' issuer credit ratings on both entities. In addition, we revised the bank's
