In May 2018, Fitch affirmed
BPOP's Long-Term Issuer Default Rating (IDR) and Viability Rating (VR) at 'BB-' and 'bb-', respectively, removed the Rating Watch Negative, and assigned a Stable Rating Outlook.
BPOP's ratings continue to be constrained by a challenging and uncertain operating environment.
Fitch believes the initial impact on
BPOP from hurricanes Irma and Maria was manageable, and disclosures from the U.S.
The ratings are maintained on Negative Watch because Fitch believes that the challenges posed by Hurricane Maria, including massive destruction to vital infrastructure, homes, businesses, and other property, could make it difficult for
BPOP to maintain stable asset quality, positive core earnings, and improving deposit funding metrics, in line with our expectations for the current rating level.
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BPOP, CFFN, CFR, COBZ, FBNC, FHN, IBKC, MSBK, NCF, NTRS, OZRK, SNV, SOTR, STI, SWBT, SYI, TRBS, TSFG, UBSH, UCBI, VCBI, VFGI, WB.
(Nasdaq:
BPOP), which ranks among the top 50 US banks by assets and brings more than 120 years of success in banking, driven by integrity and values.
(NASDAQ:
BPOP) has authorized up to a USD 125m common stock repurchase, the company said.
Tickers featured:
BPOP, DRL, FBP, OFG, QCBC, RGF, SBP, WHI.
(YAT630) ROBERTO HERENCIA - BANCO POPULAR NORTH AMERICA (
BPOP) (
BPOP).
(NASDAQ:
BPOP) has announced that its board of directors has approved a quarterly cash dividend of USD 0.25 per share on its outstanding common stock, the company said.
Tickers featured:
BPOP, CFC, COF, DRL, FBP, GDW, KRB, LEND, NDE, RWT.
(NASDAQ:
BPOP) board of directors has approved a quarterly cash dividend of USD 0.25 per share on its outstanding common stock, the company said.