BIB has a strong commercial position in Central America and good profitability and liquidity management. We are affirming our ratings on CIC and its holding company and removing them from CreditWatch. We expect BIB to keep performing adequately and maintaining prudent underwriting practices. On Dec. 15, 2010, Standard&Poor's Ratings Services affirmed its 'BBB-/A-3' counterparty credit rating on BAC International Bank Inc. (BIB). The ratings were removed from CreditWatch Negative, where they were placed July 16, 2010. The outlook is stable. The affirmation reflects the bank's strong commercial position in Central America; its good profitability, liquidity, and asset-quality indicators; and capable management. The ratings on BIB are based on our ratings on Credomatic International Corp. (CIC; BBB-/Stable/A-3), its main
