Panama-based universal bank, BAC International Bank Inc., continues to show resilient operating performance with profitable operations. We are affirming our 'BBB-' long-term and 'A-3' short-term issuer credit ratings on the bank and its core subsidiary, Credomatic. We expect the bank to keep its sound and leading business position in Central America, with very profitable operations, while operating in higher risk economies. On Aug. 25, 2014, Standard&Poor's Ratings Services affirmed its 'BBB-' long-term and 'A-3' short-term issuer credit ratings on BAC International Bank Inc. (BIB) and its core subsidiary, British Virgin Island-based Credomatic International Corp. (Credomatic). The outlook on both entities remains stable. The issuer credit ratings (ICR) on BIB currently reflect our "strong" assessment for its business position
