trending Market Intelligence /marketintelligence/en/news-insights/trending/Uijlo2hL5BPNwsDnsKEn6w2 content esgSubNav
In This List

S&P lowers Banco Internacional de Costa Rica's long-term rating


Banking Essentials Newsletter: 7th February Edition

Case Study

A Bank Outsources Data Gathering to Meet Basel III Regulations


Private Markets 360° | Episode 8: Powering the Global Private Markets (with Adam Kansler of S&P Global Market Intelligence)


Banks’ Response to Rising Rates & Liquidity Concerns

S&P lowers Banco Internacional de Costa Rica's long-term rating

S&P Global Ratings on May 5 lowered its long-term globalscale issuer credit rating on BancoInternacional de Costa Rica SA to BB- from BB while affirming the bank'sshort-term issuer credit rating at B.

The outlook on the long-term rating is negative and the bank'sstand-alone credit profile remains at "bb."

S&P also removed the ratings from CreditWatch with negativeimplications, where they were placedin February.

After applying stress test assumptions to measure Banco Internacional'sresilience to a hypothetical scenario in which Costa Rica defaults, the rating agencyconcluded that the bank would not meet the minimum regulatory capital requirementsto pass the test.

The negative outlook on the company reflects that on Costa Rica,S&P said, adding that the country's sovereign rating will continue to constrainthe ratings on the bank.

S&P Global Ratingsand Global Market Intelligence are owned by S&P Global Inc.