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BBVA Panama S.A. Y Subsidiarias Assigned 'BBB-/A-3' Rating; Outlook Stable May 06
Standard & Poors, May 2006
Abstract
MEXICO CITY (Standard & Poor's) May 22, 2006--Standard & Poor's Ratings Services said today that it assigned its 'BBB-/A-3' counterparty credit rating to Banco Bilbao Vizcaya Argentaria (Panama) S.A. (BBVA Panama). The outlook is stable. The ratings are supported by Standard & Poor's Group Methodology, in which BBVA Panama is considered a weak strategically important subsidiary for Banco Bilbao Vizcaya Argentaria S.A. (BBVA), as well as its good financial performance and sound capitalization. The ratings on BBVA Panama are constrained by the bank's small market position within the Panamanian banking system, which is characterized by strong competition, the concentration of its loan portfolio in few customers, and asset and liability mismatch in the balance sheet. 'The ratings on BBVA Panama...
Companies mentioned in this report are: BBVA Panama S.A. y Subsidiarias,Banco Bilbao Vizcaya Argentaria S.A.
Action: New Rating
Action: Outlook: Stable
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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