RatingJun 23, 2026, 06:06 AM
Bladex Upgraded to 'BBB+' by S&P Global Ratings
AI Summary
Bladex announced that S&P Global Ratings has upgraded its long-term issuer credit rating to 'BBB+' from 'BBB', while affirming its short-term rating at 'A-2'. The outlook for the long-term rating is stable. S&P also upgraded the Bank's senior unsecured notes to 'BBB+' and its Tier 1 hybrid notes to 'BB'. This upgrade reflects Bladex's strong risk profile, solid asset quality, diversified portfolio, consistent earnings, and robust capitalization, along with prudent risk management.
Key Highlights
- S&P Global Ratings upgraded Bladex's long-term issuer credit rating to 'BBB+' from 'BBB'.
- The short-term issuer credit rating was affirmed at 'A-2', with a stable outlook on the long-term rating.
- S&P also upgraded the Bank’s senior unsecured notes to 'BBB+' from 'BBB'.
- Tier 1 hybrid notes were upgraded to 'BB' from 'BB-'.
- The upgrade reflects Bladex's strong risk profile, solid asset quality, and diversified portfolio.
- S&P highlighted consistent earnings generation, strong capitalization, and adequate funding and liquidity.
- The agency noted Bladex's prudent risk management and ability to adjust credit exposures.
Price Impact
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