|
|
 |
|
Viewing report
|
|
|
|
Banco Santander Serfin S.A. Jun 06
Standard & Poors, June 2006
Abstract
Consistent financial performance Strategic importance for its parent Important growth in targeted lending activities mainly in higher margin loans Challenge of confronting other strong large foreign banks Balance-sheet concentration in the Mexican government and public entities The ratings reflect Standard & Poor's Ratings Services' group methodology, where Banco Santander Serfin S.A. is considered a strategically important subsidiary for Banco Santander Central Hispano S.A. (BSCH; AA-/Positive/A-1+). The ratings on Santander Serfin also reflect its consistent financial performance in the past four years and strong loan growth obtained in targeted business segments, mainly retail loans. Banco Santander Serfin's balance sheet has an important concentration in the Mexican government and public entities, which represent an important portion of total assets in the form...
Action: Review
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
|
|
|
|
