On July 25, 2011, we raised our sovereign credit rating on Uruguay to 'BB+' from 'BB'. We are raising our long-term counterparty credit rating on BBVA Uruguay to 'BB+' from 'BB' and raising the national scale rating to 'uyAAA' from 'uyAA+'. We are also affirming the short-term rating at 'B'. The stable outlook reflects our expectation that BBVA Uruguay will increase its intermediation activities in Uruguay, given the bank's active management strategy. BUENOS AIRES (Standard & Poor's) Aug. 1, 2011--Standard & Poor's Ratings Services said today that it raised its long-term counterparty credit rating on Banco Bilbao Vizcaya Argentaria Uruguay (BBVA Uruguay) to 'BB+' from 'BB' and affirmed the short-term rating at 'B'. We are also raising the national scale...
Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria Uruguay
- Uruguay (Oriental Republic of)
- Banco Bilbao Vizcaya Argentaria S.A.
Action: Outlook: Stable
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Research type: News
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