The affirmation is based the bank's good competitive position and profitability, as well as its conservative liquidity management. We are affirming our 'BBB/A-2' ratings on BIB with a stable outlook. BIB's will likely maintain its good financial performance despite the more adverse economic trends in the region. On Nov 13, 2009, Standard&Poor's Ratings Services affirmed its 'BBB/A-2' counterparty credit ratings on BAC International Bank Inc. (BIB). The outlook is stable. The affirmation reflects the bank's competitive position within Central America, its good profitability, conservative liquidity position, and capable management. BIB's strategic importance to its parent, General Electric Capital Corp. (GECC; AA+/Stable/A-1+), which owns 75% of the bank, also supports the ratings. The ratings on BIB are also based
