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Banco Bilbao Vizcaya Argentaria Uruguay S.A. 'BB-/B' Ratings Affirmed; Outlook Stable Apr 09
Standard & Poors, April 2009
Abstract
BUENOS AIRES (Standard & Poor's) April 28, 2009--Standard & Poor's Ratings Services said that, on April 24, 2009, it affirmed its 'BB-/B' counterparty credit rating on Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay). The outlook remains stable. 'The ratings reflect the bank's ample financial position, its high liquidity, and its adequate capitalization. However, as with its Uruguayan peers, BBVA Uruguay still suffers from the low demand for credit in a financial system that is still consolidating in a difficult economic environment,' said Standard & Poor's credit analyst Delfina Cavanaugh. While BBVA Uruguay focuses on granting loans to the largest companies in Uruguay, it also offers a wide range of services and products such as consumer loans, savings accounts in...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,Uruguay (Oriental Republic of),Banco Bilbao Vizcaya Argentaria S.A.
Action: Affirmed
Action: Outlook: Stable
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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