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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

  • ID: 1869400
  • 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

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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.

Note: Product cover images may vary from those shown

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

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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