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BBVA Panama S.A. y Subsidiarias Counterparty Credit Rating Affirmed At 'BBB-/A-3'; Outlook Stable May 09 Product Image

BBVA Panama S.A. y Subsidiarias Counterparty Credit Rating Affirmed At 'BBB-/A-3'; Outlook Stable May 09

  • Published: May 2009
  • Region: Panama
  • Standard & Poors

Abstract
-- BBVA Panama has maintained adequate financial performance in 2008 and 2009. -- We are affirming the 'BBB-/A-3' counterparty credit rating on BBVA Panama. -- The stable outlook reflects our expectation that BBVA Panama will maintain its financial profile in 2009 and 2010, even in a more adverse environment, but, alternatively, that significant deterioration in the bank's financial profile would pressure the ratings. MEXICO CITY (Standard & Poor's) May 21, 2009--Standard & Poor's Ratings Services said today that it affirmed its 'BBB-/A-3' counterparty credit rating on BBVA Panama S.A. y Subsidiarias. The outlook is stable. The ratings on BBVA Panama are supported by Standard & Poor's group methodology, by which we consider BBVA Panama a strategically important subsidiary of Banco...

Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- Banco Bilbao Vizcaya Argentaria S.A.

Action: Affirmed

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- Banco Bilbao Vizcaya Argentaria (Panama) S.A. y Subsidiaria
- Banco Bilbao Vizcaya Argentaria S.A.

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