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Vision Banco S.A.E.C.A. 'B+' Rating Affirmed; Outlook Positive Sep 11 Product Image

Vision Banco S.A.E.C.A. 'B+' Rating Affirmed; Outlook Positive Sep 11

  • ID: 1927297
  • September 2011
  • Standard & Poors

Abstract
Vision is the sixth-largest bank in Paraguay, providing loans and services in the microfinance industry and the traditional consumer segment. We are affirming our 'B+' long-term counterparty credit rating on the bank. We expect Visi-n to continue to improve its competitive position. BUENOS AIRES (Standard & Poor's) Sept. 30, 2011--Standard & Poor's Ratings Services said today that it affirmed its 'B+' long-term counterparty credit rating on Vision Banco S.A.E.C.A. The outlook is positive. "Our 'B+' rating on Visi-n reflects the company's profile as a bank mainly dedicated to providing loans and services in the microfinance industry and the traditional consumer segment in the middle- and lower-income sectors," said Standard & Poor's credit analyst Cynthia Cohenfreue. Moderating factors include the high...

Companies mentioned in this report are: Vision Banco S.A.E.C.A.
Action: Affirmed
Action: Outlook: Positive

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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