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Talks Between BBVA and Grupo Financiero Bancomer on Possible Link-up in Mexico Mar 00 Product Image

Talks Between BBVA and Grupo Financiero Bancomer on Possible Link-up in Mexico Mar 00

  • ID: 1869900
  • March 2000
  • Region: Mexico
  • Standard & Poors

Abstract
PARIS (Standard & Poor's CreditWire) March 3, 2000--Standard & Poor's is monitoring developments following the announcement that Grupo Financiero BBV Probursa, S.A. de C.V., the 67.8%-owned Mexican subsidiary of Spain's Banco Bilbao Vizcaya Argentaria, S.A. (BBVA), is in talks with Mexico's Grupo Financiero Bancomer, S.A. de C.V. to develop a program of alliances and capitalization between the two groups. There are no details available as yet about the scope of the cooperation. An alliance of specific businesses that would help BBVA to develop its franchise in Mexico without significant further investment would not have negative implications for the bank's ratings. The ratings on BBVA could be revised, however, if it were to acquire a controlling stake in Grupo Financiero Bancomer....

Companies mentioned in this report are:
- Banco Bilbao Vizcaya Argentaria S.A.
- BBVA Bancomer S.A.

Action: S&P Event

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.

- Banco Bilbao Vizcaya Argentaria S.A.
- BBVA Bancomer S.A.

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