Credit Ratings

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

FITCH RATINGS (April 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 (November 2023)

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

STANDARD & POOR'S (November 2023)

  • International Long Term Rating (Negative Outlook): BBB
  • International Short Term Rating: A-2