Research Update: Banorte 'BBB-/A-3' Ratings Affirmed And IXE Banco 'BBB-/A-3' Ratings Withdrawn, Outlook Remains Positive Jun 13
- Language: English
- Published: June 2013
On Aug. 9, 2006, Standard & Poor's Ratings Services affirmed its 'BBB+' long-term and 'A-2' short-term counterparty credit ratings on Swiss bank Banca del Gottardo. The outlook is stable. At the same time, the ratings were withdrawn at the bank's request. There is no rated debt outstanding. The ratings on Gottardo at the time of the withdrawal reflected its solid franchise, improving asset quality, and satisfactory capitalization, together with support from the bank's parent, the Switzerland-based life insurance group Swiss Life/Schweizerische Lebensversicherungs- und Rentenanstalt (A-/Stable/--). To From Counterparty credit rating NR BBB+/Stable/A-2 CDs NR BBB+/A-2...
Companies mentioned in this report are: Banca del Gottardo,Swiss Life AG
Action: Outlook: Stable
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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.
Banca del Gottardo,Swiss Life AG