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Summary: Banco Bilbao Vizcaya Argentaria Paraguay S.A. Jul 11
Standard & Poors, July 2011
Abstract
The uncertainty intrinsic to Paraguay's financial system and the country's high sovereign risk constrain Standard & Poor's Ratings Services' ratings on Banco Bilbao Vizcaya Argentaria Paraguay S.A. (BBVA Paraguay). Also, the bank's portfolio concentration and relatively weak operating risk management, together with a highly competitive environment, constrain the rating. However, the bank's good market position and its healthy financials support the ratings. Also, the ratings on BBVA Paraguay take into consideration our group methodology, by which we consider BBVA Paraguay a strategically important subsidiary of Banco Bilbao Vizcaya Argentaria S.A. (BBVA; AA/Negative/A-1+). BBVA Paraguay is the second-largest bank in Paraguay, after Banco Regional (not rated), accounting for 17.4% and 13.8% of the banking system's total loans and deposits, respectively, as...
Companies mentioned in this report are: Banco Bilbao Vizcaya Argentaria Paraguay S.A.,Paraguay (Republic of),Banco Bilbao Vizcaya Argentaria S.A.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
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