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BBVA Bancomer S.A. Nov 06
Standard & Poors, Nov 2006
Abstract
Strong franchise value and market leadership Strategic importance for its parent Improving financial performance Balance-sheet concentration in the Mexican government and public entities Strong competition in the Mexican banking sector Standard & Poor's Ratings Services' ratings reflect BBVA Bancomer's strong franchise value, the successful strategies implemented by management to maintain the bank's leading position in the Mexican banking system, and improved financial performance. The ratings also consider Standard & Poor's Group Methodology, in which BBVA Bancomer S.A. is considered a strategically important subsidiary for Banco Bilbao Vizcaya Argentaria S.A. (BBVA). The ratings are balanced by important competition in the market and strong competition in the Mexican banking sector. Capitalization had been lower than that of other large banks in Mexico...
Companies mentioned in this report are: BBVA Bancomer S.A.,Banco Bilbao Vizcaya Argentaria S.A.
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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