S&P raises Banco General rating

Following on the April 29 of the recent improvement in the rating of the Republic of Panama. by the rating agency S & P Global Ratings, the agency has raised Banco General’s risk rating from BBB to BBB +, with a stable outlook.

Francisco Sierra, executive vice president, and deputy general manager of Banco General told  La Prensa that “the base rating of the bank was already at BBB +, but it was limited by the rating of the Republic of Panama, which was BBB. With the increase in the rating of the Republic, that of the bank increased automatically. “