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Banco Bilbao Vizcaya Argentaria Paraguay Senior Unsecured Notes Assigned 'B+' Rating Jan 11
Standard & Poors, Jan 2011
Abstract
BUENOS AIRES (Standard & Poor's) Jan. 24, 2011--Standard & Poor's Ratings Services said today it has assigned its 'B+' senior unsecured debt rating to Banco Bilbao Vizcaya Argentaria Paraguay S.A.'s (BBVA Paraguay, B+/Positive/B) forthcoming senior unsecured notes. The rating on the notes is the same as the long-term counterparty credit rating on BBVA Paraguay, reflecting our view that the notes will rank on par with other existing and future unsecured and unsubordinated obligations and that they will be direct, unsecured, and senior obligations of the bank. The bank will use the proceeds for general corporate purposes, mainly to fund their long-term lending activities in U.S. dollars. The risks intrinsic to operating in a country with high industry and country risk...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Paraguay S.A.,Banco Bilbao Vizcaya Argentaria S.A.
Action: New Rating
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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