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Banco Bilbao Vizcaya Argentaria, S.A. Jan 06
Standard & Poors, Jan 2006
Abstract
Strong market positions in almost all markets where the bank operates--particularly in Spain and Mexico, Consistent and prudent strategy, Sound credit risk management, and Healthy operating profitability. Exposure to high economic risk through Latin American subsidiaries, and A significant equity portfolio, which increases the bank's equity risk and concentration risk. The ratings reflect Banco Bilbao Vizcaya Argentaria S.A.'s (BBVA) strong franchise in its core markets, above-average financial performance, and conservative management. The bank is less geographically diversified, however, than its international peers, relying to a greater extent on developing markets; this increases its risk profile and adds some volatility to results. BBVA maintains a diversified and strong position in all segments of its core markets--primarily Spain (69% of total assets)...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria S.A.,BBVA Bancomer S.A.
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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