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BBVA Panama S.A. y Subsidiarias 'BBB-/A-3' Counterparty Credit Ratings Affirmed; Outlook Remains Stable May 11
Standard & Poors, May 2011
Abstract
BBVA Panama has maintained good financial performance and solid capitalization ratios. We are affirming our 'BBB-/A-3' counterparty credit ratings on the bank. The stable outlook reflects our expectation that BBVA Panama will maintain its financial profile in 2011 despite the aggressive competitive dynamics of the local market. MEXICO CITY (Standard & Poor's) May 12, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'BBB-/A-3' counterparty credit ratings on BBVA Panama S.A. y Subsidiarias (BBVA Panama). The outlook is stable. The ratings on BBVA Panama take into account our group methodology, by which we consider BBVA Panama a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+). This results in one notch of support above our stand-alone...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,Banco Bilbao Vizcaya Argentaria S.A.
Action: Affirmed
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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