DomRep Banks’ Outlook Raised by Fitch

Fitch has raised the outlook of several banks in the Dominican Republic following a similar action on the sovereign. Fitch raised the long-term foreign currency rating outlooks for the following issuers to positive from stable: Banco Popular Dominicano (AA minus), Banreservas (B) and BHD (B). Fitch recently boosted the sovereign’s B rating to positive from stable.