|
|
 |
|
Viewing report
|
|
|
|
BBVA Panama Outlook Revised To Positive From Stable; 'BBB-' Long-Term Rating Affirmed May 08
Standard & Poors, May 2008
Abstract
MEXICO CITY (Standard & Poor's) May 30, 2008--Standard & Poor's Ratings Services said today that it revised its outlook on BBVA Panama S.A. y Subsidiarias to positive from stable. At the same time, we affirmed the long- and short-term counterparty credit ratings on the bank at 'BBB-' and 'A-3', respectively. 'The outlook revision reflects BBVA Panama's ability to increase its loan portfolio and deposit base in a very competitive environment, while maintaining its overall financial profile and progressively improving its business profile,' said Standard & Poor's credit analyst Angelica Bala. 'We expect that the bank will continue to maintain good financial performance and asset quality while growing rapidly.' The affirmation is based on the bank's strategic importance to parent company...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,Banco Bilbao Vizcaya Argentaria S.A.
Action: Affirmed
Action: Outlook: Positive
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.
|
|
|
|
