trending Market Intelligence /marketintelligence/en/news-insights/trending/mygholo3mtfi_v_j7aussg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

In This List

Fitch assigns ratings to Banco de Fomento

Key Credit Risk Factors When Assessing Banks In The Context Of COVID-19

Street Talk Episode 61 - Investors debate if U.S. banks have enough capital in post COVID world

You Down With PPP? Consider The Risks

Street Talk Episode 60 - You Down With PPP? Consider The Risks

Fitch assigns ratings to Banco de Fomento

Fitch Ratings on March 21 assigned to Banco de Fomento a la Producción national long and short-term ratings of AA-(nic) and F1+(nic), respectively, with a stable outlook.

The bank's ratings incorporate the support it receives from its owner, the Republic of Nicaragua, through the Ministry of Finance and Public Credit. Fitch notes that the state will not serve as a guarantor of the bank's obligations, but believes the bank's credit profile is still favorable due to its links with the state, and it could receive support if needed.

Additionally, the bank has a high ability to absorb losses, based on solid capitalization and good profitability. As of September 2017, loans with maturity of over 90 days only represented 0.1% of Banco de Fomento's portfolio, and operating income to risk-weighted assets was 9.8%.