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Banco Patagonia S.A. Dec 10
Standard & Poors, Dec 2010
Abstract
Healthy asset-quality indicators. Strong capital base and high liquidity level. Profitable operation. The relatively risky Argentine environment. Still-small market share. Standard & Poor's Ratings Services' ratings on Banco Patagonia S.A. primarily reflect the risk inherent in operating in Argentina. The bank is challenged to increase its still-low market participation and to sustain its diversification of revenues. However, the bank's solid financial standing, evidenced by relatively good asset quality, above-market-average profitability, solid liquidity, and relatively high capitalization, somewhat mitigates these weaknesses. Banco Patagonia targets the middle-income and small-and-midsize business segments, with special attention paid to the interior of the country. It had total assets of Argentine pesos (ARP) 11.8 billion ($3.0 billion at ARP3.9607 to $1) and a market share of...
Companies mentioned in this report are: Banco Patagonia S.A.,Banco do Brasil 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.
Research Type: Full Analysis
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