Following its peer review of the Costa Rican State-owned banks, Fitch Ratings took rating actions on the following entities:

--Banco Nacional de Costa Rica (BNCR);

--Banco de Costa Rica (BCR);

--Banco Popular y de Desarrollo Comunal (BPDC).

Fitch has published Rating Action Commentaries (RACs) for each of these banks, which are available at www.fitchratings.com and www.fitchcentroamerica.com. These RACs include each issuer's key rating drivers and sensitivities, as well as the list of all rating actions taken.

Additional information is available at 'www.fitchratings.com' and 'www.fitchcentroamerica.com'.

Applicable Criteria

Global Bank Rating Criteria (pub. 20 Mar 2015)

https://www.fitchratings.com/creditdesk/reports/report_frame.cfm?rpt_id=863501

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Fitch RatingsMark Narron (Primary Analyst, BNCR, BCR and BPDC), +1-212-612-7898DirectorFitch Ratings, Inc.33 Whitehall St.New York, NY 10004orMarcela Galicia (Secondary Analyst, BPDC), +503 2516 6616DirectorEdificio Plaza Cristal, Tercer Nivel79 Ave. Sur y Calle CuscatlanCol. Escalon San Salvador, El SalvadororRolando Martinez (Secondary Analyst, BNCR and BCR), +503 2516 6619DirectororCommittee ChairpersonAlejandro Garcia, +52 81 8399-9146Senior DirectororMedia Relations:Alyssa Castelli, New York, +1 212-908-0540alyssa.castelli@fitchratings.com