Panama-based universal bank BAC International Bank Inc. has maintained its lead position as the largest financial institution in Central America on a consolidated basis. 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 solid market position in Central America, while maintaining its adequate asset quality metrics and current profitability levels. The stable outlook reflects that on the parent, Colombia-based universal bank Banco de Bogota S.A. y Subsidiarias (BBogota; BBB-/Stable/A-3) as a result of their status as core entities. On Aug. 31, 2015, Standard&Poor´s Ratings Services affirmed its 'BBB-' long-term and 'A-3' short term issuer credit ratings on BAC International Bank
