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BBVA Bancomer S.A. Ratings Affirmed At 'BBB/A-3' Global, 'mxAAA/mxA-1+' National Scale Jun 10
Standard & Poors, June 2010
Abstract
BBVA Bancomer has maintained good profitability and a sound business profile despite the current economic and market conditions, which have caused asset quality to deteriorate somewhat. We are affirming our ratings, including the 'BBB/A-3' global scale and 'mxAAA/mxA-1+' national scale counterparty credit ratings, on the bank. The outlook remains stable. We expect BBVA Bancomer will maintain adequate earnings generation, allowing it to withstand the currently deteriorating asset quality while maintaining good business and adequate financial profiles. MEXICO CITY (Standard & Poor's) June 29, 2010--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BBB/A-3' global scale and 'mxAAA/mxA-1+' national scale counterparty credit ratings, on Mexico-based universal bank BBVA Bancomer S.A. The bank recently announced it will...
Companies mentioned in this report are: BBVA Bancomer 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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