Leading business position in credit cards in Central America; Strong quality of earnings; and Core status to its Colombia-based parent, Banco de Bogotá. Despite business diversification, it operates in smallsize economies; and Adequate risk-adjusted capital ratio given the region's sovereign risks. The positive outlook on BAC International Bank Inc. (BIB) and its core operating subsidiary, Credomatic International Corp. (Credomatic), reflect that of Banco de Bogotá S.A. y Subsidiarias (BBB-/Positive/A-3). We also expect BIB will keep its leading business position in Central America as the largest credit card player. In addition, we forecast its risk-adjusted capital (RAC) ratio to remain above 7%. If our assessment of its core status to Banco de Bogotá remains unchanged in the future, the ratings on
