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Banco Bilbao Vizcaya Argentaria, Chile y Filiales Rated 'A-/A-2'; Outlook Stable May 11
Standard & Poors, May 2011
Abstract
BBVA Chile is the sixth-largest bank in Chile, with 7.3% of the banking system's total loans. We are assigning our 'A-/A-2' rating to Banco Bilbao Vizcaya Argentaria Chile. We expect the bank to maintain its healthy asset quality and good market position in the Chilean financial system. BUENOS AIRES (Standard & Poor's) May 2, 2011--Standard & Poor's Ratings Services said today that it assigned its 'A-/A-2' counterparty credit rating to Banco Bilbao Vizcaya Argentaria Chile y Filiales (BBVA Chile). The outlook is stable. 'The ratings on BBVA Chile mainly reflect its healthy asset-quality indicators and its good market position as the sixth-largest bank in the Chilean banking system,' said Standard & Poor's credit analyst Delfina Cavanagh. The ratings also consider...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Chile y Filiales,Banco Bilbao Vizcaya Argentaria S.A.
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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