PANAMA CITY, PANAMA (By Bladex, 22.Jun.2026, Words: 258) — Bladex announced S&P Global Ratings raised its long-term issuer credit rating to ‘BBB+’ from ‘BBB’ and affirmed its short-term issuer credit rating at ‘A-2’.
The outlook on the long-term rating is stable. At the same time, the agency upgraded the Bank’s senior unsecured notes to ‘BBB+’ from ‘BBB’ and its Tier 1 hybrid notes to ‘BB’ from ‘BB-‘.
According to the agency’s report, the upgrade reflects the strength of Bladex’s risk profile, supported by solid asset quality, a diversified portfolio, consistent earnings generation, strong capitalization, and adequate funding and liquidity.
S&P Global Ratings highlighted the resilience of Bladex’s business model, supported by its prudent risk management practices and its ability to actively adjust credit exposures in response to changing economic conditions across the markets in which it operates.
The agency also emphasized the diversification of Bladex’s portfolio across geographies, economic sectors, and client types, as well as its track record of low credit losses and asset quality that remains favorable compared to other participants in the regional financial sector.
Jorge Salas, Chief Executive Officer of Bladex, commented: “This rating action by S&P Global Ratings recognizes the discipline with which we have executed our strategy, maintaining prudent risk management, a robust capital base, and a business model focused on quality and resilience.”
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With more than four decades of experience, Bladex continues to play a relevant role in financing foreign trade and supporting economic integration across Latin America, connecting the region to global markets through financial solutions for financial institutions, corporations, and sovereign entities.
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