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Banco Bilbao Vizcaya Argentaria Uruguay S.A. May 10
Standard & Poors, May 2010
Abstract
Ample financial flexibility resulting from the proven support of its parent Healthy asset quality Adequate operating efficiency Reduced intermediation levels and high dollarization in the Uruguayan financial system Profitability under pressure given local economic conditions Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Uruguay S.A. (BBVA Uruguay) reflect the bank's ample financial position and the explicit support from its parent, Banco Bilbao Vizcaya Argentaria S.A. (BBVA). The ratings also incorporate BBVA Uruguay's high liquidity and adequate capitalization levels. However, BBVA Uruguay, like its Uruguayan peers, continues to suffer from the low demand for credit in a financial system that is still consolidating, and its business opportunities are also still limited. With total assets of Uruguayan pesos (UYU)...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Uruguay,BBVA USA Bancshares Inc.,Compass Bank,Uruguay (Oriental Republic of),Banco Bilbao Vizcaya Argentaria S.A.,Compass Loan Holdings Inc.,Banco Bilbao Vizcaya Argentaria Puerto Rico,BBVA Panama S.A. y Subsidiarias
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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