Research Update: Scotiabank Inverlat S.A. 'BBB/A-3' Counterparty Credit Ratings Affirmed; Outlook Stable Jun 10
- ID: 1856443
- June 2010
- Standard & Poors
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
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Product Type: Research Update
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