BBVA Bancomer S.A. Global Scale ?BBB/A-3?, National Scale ?mxAAA/mxA-1+? Ratings Affirmed; Outlook Stable Jun 11

Standard & Poors, June 2011

Abstract
BVA Bancomer has shown resilient financial performance over the past few years and maintains a solid market position and franchise value in Mexico. We are affirming our global scale 'BBB/A-3' and national scale 'mxAAA/mxA-1+' ratings on BBVA Bancomer, while keeping the outlooks stable. We anticipate the bank will maintain solid financial performance while keeping its good business and adequate risk profiles. MEXICO CITY (Standard & Poor's) June 13, 2011--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BBB/A-3' global scale and 'mxAAA/mxA-1+' national scale counterparty credit ratings, on Mexico-based universal bank BBVA Bancomer S.A. The outlook remains stable. "The ratings on BBVA Bancomer reflect its predominant position in the Mexican banking system, solid profitability, and...

Companies mentioned in this report are:
- BBVA Bancomer S.A.
- Banco Bilbao Vizcaya Argentaria S.A.

Action: Affirmed

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Research type: News
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- BBVA Bancomer S.A.
- Banco Bilbao Vizcaya Argentaria S.A.

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