July 31, 2020
Banco Nacional de Panamá (Banconal), one of two government-owned banks in Panama, is expected to issue up to $1 billion in 10-year bonds in an upcoming Rule 144A/Reg S deal, according to ratings reports on Thursday.
Moody's assigned Banconal a first-time rating of Baa1 with a stable outlook and gave the planned notes the same score, citing the state-owned lender's inexpensive funding base, strong liquidity and solid profitability.
"Banconal's ratings also incorporate the government of Panama's e
Panamanian state-owned bank gets investment-grade ratings from Moody's and Fitch