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Banco Bilbao Vizcaya Argentaria, S.A. Nov 04
Standard & Poors, Nov 2004
Abstract
Strong market positions in Spain and Mexico, Consistent and prudent strategy, Sound credit risk management, and Healthy operating profitability. Exposure to high economic risk through its Latin American subsidiaries, and Relative large equity participations portfolio. The ratings on Banco Bilbao Vizcaya Argentaria S.A. (BBVA) reflect the bank's strong franchise in its core markets, healthy financial performance, and conservative management. BBVA's relatively large exposure to Latin America 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) and Mexico (15%). In 2004, a more dynamic approach through BBVA's cohesive and efficient network stopped the deterioration of the previous two years in the...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria S.A.,Banco de Credito Local de Espana 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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