The ratings on BAC International Bank Inc. (BIB) are based on those on its main subsidiary, Credomatic International Corp. (CIC), which accounts for most of its assets, loan portfolio, and profits. The ratings are supported by BIB's strong market position through its subsidiaries, franchise value in retail banking, consistent high profitability, and our reassessment of the strategic importance of BIB to its 49.99% owner, General Electric Capital Corp. (GECC; AAA/Stable/A-1+). As a result of the reassessment, we are now imputing a limited degree of financial support from GECC to BIB, in the unlikely event this is required. The ratings are limited by BIB's exposure to a region of small, relatively low-diversified economies, risk stemming from the loan portfolio, and increasing
