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Viewing report
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Banco Nacional de Mexico S.A. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong business position reflected in its leadership in the Mexican banking industry; Strong capital and earnings with its strong risk adjusted capital (RAC) ratios and an adequate earnings buffer; and Adequate funding profile and liquidity position. Exposure to the Mexican economic and industry risks; and Strong competition in the market. Standard & Poor's Rating Services' ratings on Banco Nacional de Mexico S.A. (Banamex) reflect its strong business stability, well-diversified business activities, and experienced management team, resulting in a 'strong' (as our criteria define it) business position. Banamex's 'adequate' earnings capacity supports our assessment of its 'strong' RAC ratio, which is a positive ratings factor. The bank's funding is 'average' and its liquidity is 'adequate,' which is in line with the...
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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