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BBVA Panama S.A. y Subsidiarias Jan 08
Standard & Poors, Jan 2008
Abstract
Strategic fit with parent's strategy Good financial performance Sound capitalization Small market position Concentration of its loan portfolio in few customers Asset and liability mismatch on the balance sheet The ratings are supported by Standard & Poor's Ratings Services' Group Methodology, in which BBVA Panama S.A. is considered a weak, but strategically important subsidiary for Banco Bilbao Vizcaya Argentaria S.A. (BBVA) because of its good financial performance and sound capitalization. The ratings on BBVA Panama are constrained by the bank's small market position within the Panamanian banking system, which is characterized by strong competition; the concentration of its loan portfolio in few customers; and asset and liability mismatch in the balance sheet. The ratings on BBVA Panama are higher than...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,BBVA USA Bancshares Inc.,Compass Bank,Banco de Credito Local de Espana S.A.,Compass Trust I ,Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Compass Trust III,Banco Bilbao Vizcaya Argentaria Uruguay,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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