BCR rated ‘investment grade’ by Moody’s
Courtesy photo.
July 30th, 2013 (InsideCostaRica.com) Rating agency Moody’s has given a rating of “baa3” to Banco de Costa Rica (BCR), which is considered ‘investment grade.’
The rating assigned to the bank is similar to that assigned to the Government of Costa Rica.
In its report, Moody’s praised BCR’s “strong capitalization and proactive management.” The report also notes that the bank is highly focused on improving internal controls, risk management and corporate governance.
According to the bank, the ‘investment grade’ ranking makes BCR attractive to international investors.
BCR is the first Costa Rican bank to be rated by Moody’s.
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