Fitch Takes Rating Actions on Costa Rican Private Banks Following Peer Review

NEW YORK & SAN SALVADOR, El Salvador--()--Following its peer review of the three largest Costa Rican private banks, Fitch Ratings took rating actions on the following entities:

--Banco BAC San Jose, S.A.;

--Scotiabank de Costa Rica, S.A.;

--Banco Davivienda (Costa Rica), S.A.

Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are available on www.fitchratings.com and www.fitchcentroamerica.com. These RACs include each issuer's key rating drivers and sensitivities, as well as the list of all rating actions taken.

Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.

Applicable Criteria and Related Research:

--'Global Bank Rating Criteria' (March 2015).

Applicable Criteria

Global Bank Rating Criteria (pub. 20 Mar 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501

ALL FITCH CREDIT RATINGS ARE SUBJECT TO CERTAIN LIMITATIONS AND DISCLAIMERS. PLEASE READ THESE LIMITATIONS AND DISCLAIMERS BY FOLLOWING THIS LINK: HTTP://FITCHRATINGS.COM/UNDERSTANDINGCREDITRATINGS. IN ADDITION, RATING DEFINITIONS AND THE TERMS OF USE OF SUCH RATINGS ARE AVAILABLE ON THE AGENCY'S PUBLIC WEBSITE 'WWW.FITCHRATINGS.COM'. PUBLISHED RATINGS, CRITERIA AND METHODOLOGIES ARE AVAILABLE FROM THIS SITE AT ALL TIMES. FITCH'S CODE OF CONDUCT, CONFIDENTIALITY, CONFLICTS OF INTEREST, AFFILIATE FIREWALL, COMPLIANCE AND OTHER RELEVANT POLICIES AND PROCEDURES ARE ALSO AVAILABLE FROM THE 'CODE OF CONDUCT' SECTION OF THIS SITE. FITCH MAY HAVE PROVIDED ANOTHER PERMISSIBLE SERVICE TO THE RATED ENTITY OR ITS RELATED THIRD PARTIES. DETAILS OF THIS SERVICE FOR RATINGS FOR WHICH THE LEAD ANALYST IS BASED IN AN EU-REGISTERED ENTITY CAN BE FOUND ON THE ENTITY SUMMARY PAGE FOR THIS ISSUER ON THE FITCH WEBSITE.

Contacts

Fitch Ratings
Diego Alcazar, +1-212-908-0396
(Primary Analyst, Banco BAC San Jose)
Director
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Rolando Martinez, +503 2516 6619
(Primary Analyst, Scotiabank de Costa Rica; Secondary Analyst, Banco BAC San Jose)
Director
Edificio Plaza Cristal, Tercer Nivel
79 Ave. Sur y Calle Cuscatlan
Col. Escalon San Salvador, El Salvador
or
Luis Guerrero, +503 2516 6618
(Primary Analyst, Banco Davivienda (Costa Rica))
Associate Director
or
Alvaro Castro, +503 2516 6615
(Secondary Analyst, Scotiabank de Costa Rica)
Associate Director
or
Rene Medrano, +503 2516 6610
(Secondary Analyst, Banco Davivienda (Costa Rica))
Senior Director
or
Committee Chairperson
Alejandro Garcia, +52 81 8399-9146
Senior Director
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com

Contacts

Fitch Ratings
Diego Alcazar, +1-212-908-0396
(Primary Analyst, Banco BAC San Jose)
Director
Fitch Ratings, Inc.
33 Whitehall St.
New York, NY 10004
or
Rolando Martinez, +503 2516 6619
(Primary Analyst, Scotiabank de Costa Rica; Secondary Analyst, Banco BAC San Jose)
Director
Edificio Plaza Cristal, Tercer Nivel
79 Ave. Sur y Calle Cuscatlan
Col. Escalon San Salvador, El Salvador
or
Luis Guerrero, +503 2516 6618
(Primary Analyst, Banco Davivienda (Costa Rica))
Associate Director
or
Alvaro Castro, +503 2516 6615
(Secondary Analyst, Scotiabank de Costa Rica)
Associate Director
or
Rene Medrano, +503 2516 6610
(Secondary Analyst, Banco Davivienda (Costa Rica))
Senior Director
or
Committee Chairperson
Alejandro Garcia, +52 81 8399-9146
Senior Director
or
Media Relations
Alyssa Castelli, New York, +1-212-908-0540
alyssa.castelli@fitchratings.com