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Banco Agricola S.A Dec 11
Standard & Poors, Dec 2011
Abstract
Leading market position in El Salvador; Good profitability and adequate asset quality; and Experienced management team. Sluggish economic growth in El Salvador Standard & Poor's bases its ratings on Banco Agr-cola on its 'strong' business position and capital and earnings, its 'adequate' risk position and liquidity, and 'average' funding (as our criteria define it). Despite the 'bbb-' SACP, the sovereign ratings restrain the ratings on the bank mainly due to its exposure to sovereign risk. Our bank criteria use the Bank Industry Country Risk Assessment (BICRA) economic and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. Our anchor for a commercial bank operating only in El Salvador is 'bb'. Our economic...
Companies mentioned in this report are: Banco Agricola 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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