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Banco Bilbao Vizcaya Argentaria Uruguay Upgraded To 'BB+' From 'BB' On Sovereign Upgrade; Outlook Stable Aug 11
Standard & Poors, Aug 2011
Abstract
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
Action: Upgraded
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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