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Banco Bilbao Vizcaya Argentaria Uruguay Jun 09
Standard & Poors, June 2009
Abstract
Ample financial flexibility resulting from the proved support of its parent Healthy asset quality Adequate efficiency Weak operating environment in the Uruguayan financial system Low interest rates and low financial intermediation pressure margins Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay) reflect the bank's ample financial position, its high liquidity, and its adequate capitalization. However, as do its Uruguayan peers, BBVA Uruguay still suffers from the low demand for credit in a financial system that is still consolidating in a difficult economic environment. As of Dec. 31, 2008, the bank had an outstanding nonfinancial private-sector credit portfolio of Uruguayan pesos (UYU) 8.631 million ($355 million); deposits from the nonfinancial sector totaled UYU15.149 million...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,BBVA USA Bancshares Inc.,Compass Bank,Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias
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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