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BBVA USA Bancshares Inc. Outlook Revised To Stable From Negative; 'A/A-1' Rating Affirmed Jun 11
Standard & Poors, June 2011
Abstract
BBVA USA's financial performance in recent quarters has been somewhat better than our expectations. We are revising our outlook on BBVA USA to stable from negative and affirming the ratings. We expect BBVA USA to remain profitable throughout 2011 and 2012, aided by lower loan-loss provisions. NEW YORK (Standard & Poor's) June 16, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'A/A-1' counterparty credit rating on BBVA USA Bancshares Inc. (BBVA USA). At the same time, we revised the outlook to stable from negative. 'The outlook revision mainly results from our revised expectation that BBVA USA will remain profitable throughout 2011 and 2012, as we foresee improved loan performance and a lower level of loan-loss provisions,' said...
Companies mentioned in this report are: BBVA USA Bancshares Inc.,Compass Bank,Compass Loan Holdings Inc.
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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