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Asigna, Compensacion y Liquidacion 'BBB+/A-2' Ratings Affirmed And Off CreditWatch; Outlook Stable May 10
Standard & Poors, May 2010
Abstract
We believe Asigna has sufficient operational flexibility and is legally entitled to access resources in the event of a sovereign or clearinghouse member default and would be able meet its counterparty obligations. We are affirming our 'BBB+/A-2' counterparty credit ratings on Asigna and removing them from CreditWatch with negative implications where they were placed on Dec. 15, 2009. The stable outlook reflects our expectation that Asigna's rating fundamentals will be maintained going forward. MEXICO CITY (Standard & Poor's) May 11, 2010--Standard & Poor's Ratings Services said today that it has affirmed its 'BBB+/A-2' counterparty credit ratings on Mexico-based clearinghouse Asigna, Compensacion y Liquidacion (Asigna) and removed them from CreditWatch with negative implications where they were placed on Dec. 15, 2009....
Companies mentioned in this report are: Asigna Compensacion y Liquidacion,Bank of America Corp.,JPMorgan Chase & Co.,Mexico
Action: Affirmed
Action: Outlook: Stable
Action: Removed From CreditWatch
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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