Research Update: Vision Banco S.A.E.C.A. Upgraded To 'BB-' From 'B+', Outlook Is Stable Dec 11
Standard & Poors, December 2011
Abstract
Following a review of Vision Banco under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have raised our long-term issuer credit rating on the bank to 'BB-' from 'B+'. The outlook is stable. Our ratings on the bank reflect its adequate business position, weak capital and earnings, adequate risk position, above-average funding, and strong liquidity. The stable outlook reflects our expectation that the bank will continue increasing its lending exposures, although at a lower rate, while maintaining healthy asset-quality indicators. As we previously announced, on Dec. 13, 2011, Standard & Poor's Ratings Services raised its long-term issuer credit rating on Vision Banco S.A.E.C.A. (Vision) to 'BB-' from 'B+'. The outlook is stable. The stand-alone credit profile...
Companies mentioned in this report are: Vision Banco S.A.E.C.A.
Action: Upgraded
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.
Vision Banco S.A.E.C.A.
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