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Summary: Banco Bilbao Vizcaya Argentaria Uruguay S.A. May 10
Standard & Poors, May 2010
Abstract
Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay) reflect the bank's ample financial position and the explicit support from its parent, Banco Bilbao Vizcaya Argentaria S.A. (BBVA). The ratings also incorporate BBVA Uruguay's high liquidity and adequate capitalization levels. However, BBVA Uruguay, like its Uruguayan peers, continues to suffer from the low demand for credit in a financial system that is still consolidating, and its business opportunities are also still limited. With total assets of Uruguayan pesos (UYU) 17.93 million ($914 million) as of Dec. 31, 2009, the bank is the fifth-largest among the 12 private banks operating in Uruguay, with a market share of 9% of total loans. Although BBVA Uruguay focuses...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,Uruguay (Oriental Republic of),Banco Bilbao Vizcaya Argentaria S.A.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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