The Spanish Defense Industry - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2016
- Published: November 2011
We think the impact on Spain-based Banco de Sabadell of its potential merger with Banco Guipuzcoano would likely be limited. We are affirming our 'A/A-1' long- and short-term counterparty credit ratings on Sabadell and removing them from CreditWatch with negative implications. The negative outlook reflects the possibility that Sabadell proves more vulnerable than currently expected to the difficult operating environment ahead. On July 26, 2010, Standard & Poor's Ratings Services affirmed the 'A/A-1' long- and short-term counterparty credit ratings on Spain-based Banco de Sabadell S.A. At the same time, we removed the ratings from CreditWatch, where they had been placed with negative implications on June 11, 2010. The outlook is negative. The affirmation reflects our view that the negative effect...
Companies mentioned in this report are: Banco de Sabadell S.A.,Sabadell International Capital Ltd.
Action: Outlook: Negative
Action: Removed From CreditWatch
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
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Banco de Sabadell S.A.,Sabadell International Capital Ltd.
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