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Banco Bilbao Vizcaya Argentaria Uruguay Sep 02
Standard & Poors, Sep 2002
Abstract
The ratings on Banco Blibao Vizcaya Argentaria Uruguay (BBVA Uruguay) balance a relatively good but still small Uruguayan operation with a still important direct and indirect exposure to Argentine risk. In this respect, the proven support of its parent, Banco Bilbao Vizcaya Argentaria S.A. (BBVA, rated AA-/Negative/A-1+), became evident when it achieved full ownership of its Uruguayan subsidiary in May 2002. As of Sept. 30, 2001 (last available comparative data), BBVA Uruguay was the third-largest Uruguayan private bank in terms of assets, the fifth by deposits, and the third by equity. As of March 31, 2002, the bank had total assets of $0.83 billion, deposits of $0.73 billion, and equity of $94.5 billion. Despite having most of its assets related...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,BBVA Global Finance Ltd.,Banco de Credito Local de Espana S.A.,BBVA Capital Funding Ltd.,BCL International Finance Ltd.,Banco Bilbao Vizcaya Argentaria S.A.,Banco Bilbao Vizcaya Argentaria Puerto Rico
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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