Moody's Lifts Bladex Rating

Moody's Lifts Bladex Rating

Bonds Structured Finance

Moody's has upgraded Bladex to Baa2 (stable) from Baa3 because of increasing core profitability, earnings diversification, and improving asset quality. It also likes the management's strategy to broaden the bank's activities in trade finance and securities business in the LatAm and the Caribbean. "The addition of value-added products such as factoring and leasing is expected to leverage management's relationship, product and risk assessment capabilities and lead to increasing profitability over

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