S&P Global Ratings Upgrades Bladex to BBB+

The rating upgrade extends to the bank’s senior unsecured notes, which moved to 'BBB+' from 'BBB', while Tier 1 hybrid notes were elevated to 'BB' from 'BB-'. S&P analysts pointed to the bank's diversified portfolio and prudent risk management as primary drivers for the improved assessment. These factors have allowed the firm to maintain low credit losses that consistently outperform regional peers.

Jorge Salas, CEO of Bladex, noted that the move validates the bank's strategic discipline and commitment to maintaining a robust capital base. With over four decades of operations, the bank remains a critical conduit for financing foreign trade across Latin America, connecting regional entities to global financial markets.