BBVA Panama S.A. y Subsidiarias Feb 11
Standard & Poors, February 2011
Abstract
Good financial performance and asset quality. Adequate support from its parent, BBVA. Sound capitalization. Aggressive competition in Panama. Modest growth prospects, given local competition. The high debt levels of people living in Panama. Standard & Poor's Ratings Services' ratings on BBVA Panama S.A. y Subsidiarias 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 also reflect our expectation that the bank will maintain its good financial performance despite competition, leveraging its brand recognition, continued good asset quality, and sound capitalization. Its exposure to very competitive segments, in which...
Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- BBVA USA Bancshares Inc.
- Compass Bank
- BBVA Bancomer S.A.
- Banco Bilbao Vizcaya Argentaria S.A.
- Compass Loan Holdings Inc.
- Banco Bilbao Vizcaya Argentaria Uruguay
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Banco Bilbao Vizcaya Argentaria Paraguay S.A.
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
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- BBVA USA Bancshares Inc.
- Compass Bank
- BBVA Bancomer S.A.
- Banco Bilbao Vizcaya Argentaria S.A.
- Compass Loan Holdings Inc.
- Banco Bilbao Vizcaya Argentaria Uruguay
- Banco Bilbao Vizcaya Argentaria Puerto Rico
- Banco Bilbao Vizcaya Argentaria Paraguay S.A.
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