NewsWhore
11-12-2007, 04:00 PM
Fitch Ratings have given the Dominican Republic's Banco de Reservas a short-term risk rating of F-1, which reflects the highest capacity of on-time payments of financial obligations. And for long term payments the rating was A+ for it low credit risk. Both ratings are based on the recent improvements in earnings indicators over a broad portion of the markets served by the institution, as well as the stability of its deposits, even at stressful moments. Fitch Ratings is one of the largest risk assessment companies operating in Latin America. Fitch points out that the Banco de Reservas is now subject to the same controls as the rest of the banking sector. Fitch also praised the cost controls the bank has been able to install in spite of recent expansion of its branches around the country.
More... (http://www.dr1.com/index.html#13)
More... (http://www.dr1.com/index.html#13)