Research Update: 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. On May 12, 2011, Standard & Poor's Ratings Services 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 credit profile on BBVA Panama. The ratings...
Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- 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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- Banco Bilbao Vizcaya Argentaria S.A.
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