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Summary: Banco Bilbao Vizcaya Argentaria Paraguay S.A. Oct 10
Standard & Poors, Oct 2010
Abstract
Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Paraguay S.A. (BBVA Paraguay) are constrained by the risks intrinsic to operating in a country with high industry and country risk. Also, its portfolio concentration in agriculture, though similar to that of Paraguayan GDP, and operation in a highly competitive environment constrain the rating. On the other hand, the bank's good market position and healthy financials support the ratings. We consider BBVA Paraguay a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+); however, our ratings on the bank reflect its stand-alone credit profile. BBVA Paraguay's strategically important status according to Standard & Poor's group methodology reflects several factors, including parent BBVA's full ownership of the Paraguayan...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Paraguay S.A.,Paraguay (Republic of),Banco Bilbao Vizcaya Argentaria 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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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