The ratings on BAC International Bank Inc (BIB) and its core subsidiary Credomatic International Corp (Credomatic) may be hurt by our downgrade of Costa Rica sovereign ratings on Feb. 25, 2016, given the bank´s exposure to that country in its loan book (about 25%). We are still assessing BAC´s prospective loan exposure in Costa Rica (BB-/Negative/B) in order to determine if the ratings should remain limited to two notches above the sovereign rating. We are therefore keeping the ratings on BIB and Credomatic on CreditWatch Negative, where they were placed on Feb. 26, 2016. The stand-alone credit profile (SACP) remains 'bbb-'. Currently, we still rate BIB above the ratings on Costa Rica since it has successfully passed our stress test.
