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BBVA Bancomer S.A. Sep 04
Standard & Poors, Sep 2004
Abstract
Ownership structure Strategic importance for its parent Improving financial performance Market leadership Lower capitalization levels (adjusted equity to assets) and profitability than its immediate peers Balance-sheet concentration in the Mexican government and public entities The ratings on BBVA Bancomer S.A. reflect the strategically importance of the Mexican bank for Banco Bilbao Vizcaya Argentaria S.A. (BBVA), its parent company and major shareholder. The ratings also incorporate the bank's leading position in the Mexican banking system and its good financial performance. The strategically important consideration is given by several factors, including majority ownership of BBVA in its Mexican subsidiary. Currently, BBVA owns 99.7% of BBVA Bancomer, which gives complete control over managerial decisions at the bank. The recent acquisition of an additional...
Companies mentioned in this report are: BBVA Bancomer S.A.,Banco Bilbao Vizcaya Argentaria S.A.,BBVA Bancomer Capital Trust I
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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