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Fitch Affirms Global Bank Corporation's IDR at 'BBB-' Following Peer Review; Outlook Stable (Fitch Inc) ...

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(Source: Fitch Inc) 26 Oct 2015 6:57 PM GMT/UTC Fitch Ratings-New York-26 October 2015: Fitch Ratings has affirmed Global Bank Corporation's (GB) long-term Issuer Default Rating (IDR) at 'BBB-' following Fitch's peer review of Panama's largest banks. The Rating Outlook is Stable. See the full list of rating actions at the end of this release. KEY RATING DRIVERS IDR, VR, SUPPORT, SUPPORT RATING FLOOR AND NATIONAL RATINGS GB's IDR and National ratings are driven by its intrinsic creditworthiness, as reflected in its Viability Rating (VR). The VR reflects GB's consistent strategy, good profitability and asset quality indicators, funding diversification, and sound positioning within its core...

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