|
|
 |
|
Viewing report
|
|
|
|
BBVA Bancomer S.A. Ratings Affirmed; Outlook Stable Jul 06
Standard & Poors, July 2006
Abstract
NEW YORK (Standard & Poor's) July 13, 2006--Standard & Poor's Rating Services said today that it affirmed its 'BBB+/A-2' local-currency and 'BBB/A-3' foreign-currency counterparty credit and CD ratings on BBVA Bancomer S.A. The outlook is stable. 'The affirmation is based on BBVA Bancomer's strong franchise value, the successful strategies implemented by the management to maintain the leading position of the bank in the Mexican banking system, and improved financial performance,' said Standard & Poor's credit analyst Leonardo Bravo. The ratings also reflect 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 its lower adjusted equity-to-assets ratio compared to those of banks...
Companies mentioned in this report are: BBVA Bancomer S.A.,Banco Bilbao Vizcaya Argentaria S.A.
Action: Affirmed
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.
|
|
|
|
