Fitch Raises Bladex

Fitch has upgraded the credit rating of Banco Latinoamericano de Comercio Exterior (Bladex) to BBB+ from BBB, it says. Improvements to the supranational’s funding structure, and closing maturity gaps and were the main motives for the move. “Bladex has proven that it can face severe crises and has successfully refocused its strategy achieving moderate growth while ensuring a more consistent financial performance,” the agency says. The outlook is stable.