Leading business position in Central America; Strong quality of earnings; and Core status to its Colombia-based parent, Banco de Bogotá. Despite business diversification, operates in small-scale economies; and Moderate risk-adjusted capital ratio given the region's economic risks. The stable outlook on BAC International Bank Inc. (BIB) and Credomatic International Corp. (Credomatic), reflect that of their parent, Banco de Bogota S.A. y Subsidiarias (BdB; BBB-/Stable/A-3) as a result of their status as core entities. We also expect BIB will maintain its leading business position in Central America within the credit card sector. If our assessment of its core status to BdB remains unchanged in the future, the ratings on both BIB and Credomatic will move in tandem with those of the
