Fitch boosts BAC International Bank

Fitch Ratings said it upgraded BAC International Bank, Inc.'s (BIB) long-term issuer default rating to BB+ from BB and long-term national rating to AA(pan) from AA-(pan).

“These ratings actions follow the recent upward revision of Fitch's assessment of the operating environment (OE) scores of Costa Rica and Guatemala. Both OE revisions lead to an upgrade of BIB's OE score under the agency's blended approach to bb from bb- with a stable trend,” Fitch said in a press release.

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