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Banco Continental S.A. 'BBB-' Ratings Affirmed; Outlook Positive Dec 10
Standard & Poors, Dec 2010
Abstract
Standard & Poor's Ratings Services expects Banco Continental will maintain its strong competitive position in the Peruvian financial system, sustaining its high profitability, liquidity, and healthy asset quality in spite of the high competitive pressures. We are affirming our 'BBB-' ratings on the bank. The ratings outlook is positive. BUENOS AIRES (Standard & Poor's) Dec. 17, 2010--Standard & Poor's Ratings Services said today it affirmed its 'BBB-' ratings on Banco Continental S.A. The ratings outlook stands at positive. Standard & Poor's 'BBB-/A-3' counterparty credit ratings on Banco Continental mainly reflect the bank's strong market position as the second-largest player in the Peruvian financial system, as well as its sound management team and solid financial risk profile. 'In our view, the...
Companies mentioned in this report are: Banco Continental S.A.
Action: Affirmed
Action: Outlook: Stable
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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