S&P turns Panamanian bank view to negative

S&P said it changed the outlooks for Banco General SA and Banco Nacional de Panama (Banconal) to negative from stable.

The outlook on both banks reflects the outlook on the government of Panama, the agency said.

S&P also affirmed their BBB long-term ratings, as well as the BBB global scale issue ratings on both banks' senior unsecured notes and the BB- ratings on Banco General's subordinated notes.

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