|
|
 |
|
Viewing report
|
|
|
|
Banco Nacional de Obras y Servicios Publicos, S.N.C. Jan 06
Standard & Poors, Jan 2006
Abstract
Full ownership by the United Mexican States (UMS). The strong support provided by the Mexican Government as demonstrated by the pledge of full faith and credit of the UMS for BANOBRAS' debt obligations. Underused lending capacity. The ratings on Banco Nacional de Obras y Servicios Publicos S.N.C.'s (BANOBRAS) senior unsecured debt mirrors Standard & Poor's Ratings Services long-term foreign currency sovereign rating (BBB) and stable outlook on UMS. BANOBRAS, which is fully owned and supported by the Mexican Government, is the country's second-largest development bank with assets of US$12.56 billion (MxP135.18 billion, at MxP10.76 to US$1) as of Sept. 30, 2005 (see Table 1). The bank provides financing to states and municipalities, as well as to private companies that undertake...
Companies mentioned in this report are: Banco Nacional de Obras y Servicios Publicos, S.N.C.,United Mexican States,Nacional Financiera, S.N.C. (NAFIN),Banco Nacional de Comercio Exterior, S.N.C. (Bancomext),Petroleos Mexicanos (PEMEX),Kot Insurance Company A.G.,Pemex Project Funding Master Trust,Sociedad Hipotecaria Federal, S.N.C.
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.
Research Type: Full Analysis
|
|
|
|
