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Banco Bilbao Vizcaya Argentaria Uruguay Counterparty Credit Ratings Affirmed At 'BB-/B' With Stable Outlook Apr 10
Standard & Poors, April 2010
Abstract
The ratings on BBVA Uruguay reflect the bank's ample financial position and the explicit support from its parent, BBVA. We are affirming our ratings on BBVA Uruguay, including the 'BB-/B' counterparty credit ratings. The outlook remains stable. We expect that BBVA Uruguay will increase its intermediation in Uruguay, given its active management strategy. BUENOS AIRES (Standard & Poor's) April 28, 2010--Standard & Poor's Ratings Services said today that it affirmed its ratings, including the 'BB-/B' counterparty credit ratings, on Banco Bilbao Vizcaya Argentaria Uruguay (BBVA Uruguay), the Uruguayan unit of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+). The outlook remains stable. 'Our ratings on BBVA Uruguay reflect the bank's ample financial position and the explicit support from its parent,' said...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,Banco Bilbao Vizcaya Argentaria S.A.
Action: Affirmed
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.
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