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Banco Bilbao Vizcaya Argentaria Paraguay S.A. 'B+/B' Counterparty Credit Ratings Affirmed; Outlook Remains Positive Jun 11
Standard & Poors, June 2011
Abstract
BBVA Paraguay has a good market position, solid financial indicators, and explicit support from its parent. We are affirming our 'B+/B' counterparty credit ratings on BBVA Paraguay. The positive outlook on the long-term counterparty credit rating reflects that on the sovereign credit rating. We expect the bank to continue increasing its intermediation while maintaining healthy financials. BUENOS AIRES (Standard & Poor's) June 27, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B+/B' global scale counterparty credit ratings on Banco Bilbao Vizcaya Argentaria Paraguay S.A. (BBVA Paraguay). The outlook remains positive. 'The uncertainty intrinsic to Paraguay's financial system and the country's high sovereign risk constrain our ratings on BBVA Paraguay,' said Standard & Poor's credit analyst Delfina Cavanagh....
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Paraguay S.A.,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.
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