Credit Ratings

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

FITCH RATINGS (May 2023)

• International Long Term Rating:  BBB-, with Stable Outlook
• International Short Term Rating:  F3
• National Long Term Rating:   AAA (pan), with stable Outlook
• National Short Term Rating:  F1+ (pan)

MOODYS (November 2022)

• Counterparty Risk Rating:  Baa1/P-2
• Long Term Senior Unsecured Debt:  Baa2, with Negative Outlook
• Bank Deposits:  Baa2/P-2, with stable Outlook

STANDARD & POORS (August 2022)

• International Long Term Rating: BBB, with Negative Outlook
• International Short Term Rating: A-2