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Banco Bilbao Vizcaya Argentaria Uruguay May 08
Standard & Poors, May 2008
Abstract
High financial flexibility due to its main shareholder's proven support Good efficiency as a result of the bank's rationalization process after the Uruguayan financial crisis Still-weak operating environment in the Uruguayan financial system Margin pressures from a low interest rate environment and still-low lending activity in Uruguay The ratings on Banco Bilbao Vizcaya Argentaria Uruguay (BBVA Uruguay) reflect its comfortable financial position and the explicit support from its parent, Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Stable/A-1+). This support became evident with its implementation of contingent liquidity lines during the financial crisis and its increase in ownership to 100% of the Uruguayan subsidiary in June 2002. The bank currently enjoys high liquidity and adequate capitalization. However, along with its peers in...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,BBVA USA Bancshares Inc.,Compass Bank,Banco de Credito Local de Espana S.A.,Compass Trust I ,Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Compass Trust III,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias
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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