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Banco Bilbao Vizcaya Argentaria Uruguay Ratings Affirmed Apr 04
Standard & Poors, April 2004
Abstract
NEW YORK (Standard & Poor's) April 30, 2004--Standard & Poor's Ratings Services said today that it affirmed its 'B-' long-term counterparty credit rating on Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay). The outlook is stable, reflecting the outlook of the sovereign credit ratings on Uruguay (Oriental Republic of). The ratings on BBVA Uruguay are constrained by the ratings on the Uruguayan sovereign. 'The support of its parent, Banco Bilbao Vizcaya Argentaria S.A., has been amply proven in recent years by means of the implementation of contingent liquidity lines amid deposit runs during the Uruguayan financial crisis, the achievement of full ownership of its Uruguayan subsidiary in June 2002, and the facilitation of the reduction of the bank's indirect exposure...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,Uruguay (Oriental Republic of),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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