trending Market Intelligence /marketintelligence/en/news-insights/trending/7yaSgA4zpcbczv_uIW5JSg2 content esgSubNav
In This List

Fitch revises outlook on Banfondesa to positive


Latin American and Caribbean Market Considerations Blog Series: Focus on LGD


Banking Essentials Newsletter: June Edition

Case Study

กรณีศึกษา A Bank Takes its Project Finance Assessments to a New Level


Financial Institutions Factor Transition Risk into Climate-Related Stress Testing

Fitch revises outlook on Banfondesa to positive

Fitch Ratings on Aug. 1 revised the outlook on the long-term national rating of Dominican Republic-based Banco de Ahorro y Credito Fondesa SA to positive from stable, citing the bank's improved profitability and capitalization.

Banco de Ahorro y Credito Fondesa has also shown gradual but consistent diversification in its funding structure and good asset quality, as reflected in its low delinquency and conservative reserve coverage levels, Fitch said.

The rating agency affirmed the bank's long- and short-term national ratings at A-(dom) and F2(dom), respectively. The ratings reflect the bank's profile, underpinned by its limited franchise in the Dominican financial market and its highly concentrated funding and profitability.