Scotiabank Inverlat S.A. Jun 06
Standard & Poors, June 2006
Abstract
Parent support in terms of management and enhanced credit policies, procedures, and systems mirroring Bank of Nova Scotia's global operating methodology Improving overall financial performance Successful strategy in the consumer sector, which has resulted in increasing market penetration Midsize bank facing strong competition from other foreign banks with strong market share and also focused in the consumer market and small and medium enterprises (SMEs) Still-large portfolio of restructured loans, which have a poor reserve coverage Liability-sensitive balance sheet with a significant negative gap in terms of maturity The ratings on Scotiabank Inverlat S.A. reflect the positive performance that the bank has exhibited in the two years since it was first rated. The company's sustained revenue growth, the overall quality of...
Companies mentioned in this report are: Scotiabank Inverlat, S.A.,The Bank of Nova Scotia,Montreal Trust Co.,Montreal Trust Co. of Canada,Scotiabank Sudamericano,BNS Capital Trust,National Trust Co.,Scotiabank Capital Trust
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
Scotiabank Inverlat, S.A.,The Bank of Nova Scotia,Montreal Trust Co.,Montreal Trust Co. of Canada,Scotiabank Sudamericano,BNS Capital Trust,National Trust Co.,Scotiabank Capital Trust
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