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BBVA USA Bancshares Inc. Jun 11
Standard & Poors, June 2011
Abstract
Above-average capital levels Good competitive position Adequate liquidity Strategic importance to its highly rated parent Weak loan performance Poor operating results in recent years Large commercial real estate (CRE) loan exposures Standard & Poor's Ratings Services' ratings on BBVA USA Bancshares Inc. (BBVA USA), a wholly owned subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA S.A.), reflect the company's above-average capital levels, good competitive position, and adequate liquidity. However, the ratings also reflect its weak loan performance, poor operating results in recent years, and large CRE loan concentration, which includes material construction loan exposures. Our ratings on BBVA USA are three notches higher than our stand-alone credit assessment of the company, reflecting our view of the bank's strategic importance to...
Companies mentioned in this report are: BBVA USA Bancshares Inc.,Compass Bank,BBVA Bancomer S.A.,Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias,Banco Bilbao Vizcaya Argentaria Paraguay S.A.,Banco Bilbao Vizcaya Argentaria Chile y Filiales
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
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