Credit Ratings

Banconal’s ratings are driven by the potential support it would receive from its owner, the Republic of Panama.

FITCH RATINGS (December 2024)

• International Long Term International Rating (STABLE Outlook): BB+
• International Short Term Rating:  B
• National Long Term Rating:   AAA (pan)
• National Short Term Rating:  F1+ (pan)

MOODY'S (December 2024)

• International Long Term Counterparty Rating:  Baa2
• International Long Term Senior Unsecured Debt Rating (Negative Outlook): Baa3
• International Short Term Rating: P-2

STANDARD & POOR'S (December 2024)

• International Long Term Rating (Stable Outlook): BBB-
• International Short Term Rating: A-3