Fitch Takes Rating Actions on Panamanian Largest Banks Following Peer Review

SAN SALVADOR, El Salvador--(BUSINESS WIRE)-- Following its peer review of the Panamanian largest banks, Fitch Ratings has taken rating actions on the following entities:

--Banco General, S.A.;

--Banco Nacional de Panama;

--Banistmo, S.A.;

--Global Bank Corporation.

Fitch has published press releases for each of these banks, which are available on 'www.fitchratings.com' and 'www.fitchcentroamerica.com'. These RACs include each issuer's Key Rating Drivers and Rating Sensitivities, as well as the list of all rating actions taken.

Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.

Applicable Criteria

Global Bank Rating Criteria (pub. 20 Mar 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

View source version on businesswire.com: http://www.businesswire.com/news/home/20151026006556/en/

Fitch Ratings, Inc.
Primary Analyst (Banco General and Banistmo)
Diego Alcazar, +1-212-908-0396
Director
33 Whitehall St.
New York, NY 10004
or
Primary Analyst (Banco Nacional de Panama and Global Bank)
Mark Narron, +1-212-612-7898
Director
or
Secondary Analyst (Banco General and Banistmo)
Rolando Martinez, +503-2516-6619
Director
or
Secondary Analyst (Banco Nacional de Panama)
Rene Medrano, +503-2516-6610
Senior Director
or
Secondary Analyst (Global Bank)
Dario Sanchez, +503-2516-6608
Associate Director
or
Committee Chairperson
Alejandro Garcia, +52-81-8399-9146
Managing Director
or
Media Relations
Alyssa Castelli, New York
+1-212-908-0540
[email protected]

Source: Fitch Ratings

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