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Research Update: Scotiabank Inverlat S.A. 'BBB/A-3' Counterparty Credit Ratings Affirmed; Outlook Stable Jun 10

  • ID: 1856443
  • June 2010
  • Standard & Poors

FEATURED COMPANIES

  • Scotiabank Inverlat, S.A.
  • The Bank of Nova Scotia
  • MORE

Abstract
Scotiabank's good diversification and above-average financial profile support the ratings. We are affirming our 'BBB/A-3' global and 'mxAAA/A-1+' national scale counterparty credit ratings on Scotiabank. The outlook is stable. We expect the bank will maintain its adequate financial profile in 2010. On June 15, 2010, Standard & Poor's Ratings Services affirmed its 'BBB/A-3' counterparty credit and certificate of deposit ratings on Scotiabank Inverlat S.A. (Scotiabank). We also affirmed our 'mxAAA/A-1+' national scale counterparty credit and senior unsecured debt ratings on Scotiabank. The outlook is stable. The ratings on Scotiabank reflect its good business profile, supported by its well-diversified loan portfolio and its strong presence in the retail segment. Also, its adequate financial profile and its status as a strategically important...

Companies mentioned in this report are:
- Scotiabank Inverlat, S.A.
- The Bank of Nova Scotia

Action: Affirmed

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- Scotiabank Inverlat, S.A.
- The Bank of Nova Scotia

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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