S&P ratifies “AA” rating of the BCIE with a stable outlook


News from Panama / Friday, October 11th, 2024

The risk rating agency Standard & Poor’s (S&P), ratified the long-term international rating of the Central American Bank for Economic Integration (BCIE) in “AA”; with a stable outlook.

According to the rating agency, this ratification reflects the financial strength of the BCIE, based on a prudent administration of its balance sheet through conservative financial policies.

Likewise, S&P highlighted the robust support from its partners, as well as the specific progress of the Bank in terms of diversifying its portfolio and strengthening its operating results, thus maintaining its status as the main source of multilateral financing for Central America, with a participation close to 50% in the region in the last two decades.

The rating agency highlighted the Bank’s measures to improve its operational efficiency, as well as the recent reduction in its interest rates, becoming even more competitive compared to other multilateral entities in the region.

In this sense, the Executive President of the BCIE, Gisela Sánchez, highlighted the importance of having consolidated again this year the rank of “AA” all its international ratings, reaffirming the Bank’s position as the best credit risk in Latin America.

“The confirmation of our “AA” rating reinforces the BCIE’s commitment to the new Strategy 2025-2029, focused on strengthening our financial profile, promoting capitalization policies and prudent financial management to continue being the leading development bank in the region, expanding our presence,” Sánchez said.

For its part, the rating agency indicated that the stable rating outlook reflects its expectations that, in the next two years, the shareholders of the BCIE will continue to provide their support to the Institution through timely capital payments, as well as the impeccable record of the treatment as a preferred creditor that it has been granted.

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