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Banco Bilbao Vizcaya Argentaria, S.A. Feb 08
Standard & Poors, Feb 2008
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 Above-average operating profitability A lower degree of diversification than for other large European peers Higher than peers' reliance on emerging markets Challenge to develop a U.S. franchise in a weak market The ratings on Spain-based Banco Bilbao Vizcaya Argentaria, S.A. (BBVA) reflect the bank's strong franchise in its core markets, above-average financial performance, and conservative management. Its good performance and sound credit risk management somewhat offset higher reliance on emerging markets and relatively lower degree of diversification compared with its international peers. BBVA enjoys excellent operating profitability across all business units, owing to its successful creation...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria S.A.,BBVA USA Bancshares Inc.,Compass Bank,Banco de Credito Local de Espana S.A.,Compass Trust I ,Compass Loan Holdings Inc.,Compass Trust III,Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias
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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