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Bank Industry Risk Analysis: Mexico Jun 01
Standard & Poors, June 2001
Abstract
(Editor's note: In the original version of this article, dated June 8, 2001, the data in table 2 were expressed in millions of Mexican pesos, which should have been thousands of pesos and the data in chart 1 were not explained as a percentage of GDP. In addition, in the 'Consolidation and Foreign Inroads' section, some bank names were incorrect. A corrected version follows.) Not long ago, Standard & Poor's ranked the Mexican banking system among the most risky in Latin America. The banking crisis that unfolded in the aftermath of the 1994 peso devaluation brought to light significant vulnerabilities in the system. Weak regulatory and supervisory stance, systemwide regulatory forbearance, abuse of related-party lending, overall poor lending practices, and...
Companies mentioned in this report are: The Bank of Nova Scotia,Citigroup Inc.,Banco Santander S.A.,Banco Nacional de Mexico S.A.,BBVA Bancomer S.A.,Banca Serfin S.A.,Banco Mercantil del Norte S.A.,HSBC Mexico S.A.,Banca Confia, S.A.,Banco Santander Mexicano S.A.,Banco Bilbao Vizcaya Argentaria S.A.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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