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Banco Hipotecario S.A. Jan 12
Standard & Poors, Jan 2012
Abstract
Adequate business position supported by improved business diversification Adequate capitalization with enough resources to grow Strong liquidity Operation in the relatively risky Argentine business environment Concentrated funding profile Standard & Poor's Ratings Services bases its ratings on Argentina-based Banco Hipotecario S.A. on its 'adequate' business position, 'adequate' capital and earnings, 'adequate' risk position, 'below-average' funding, and 'strong' liquidity (as our criteria define these terms). The 'bb-' anchor draws on our Banking Industry Country Risk Assessment (BICRA) methodology and our view of the economic and industry risk in Argentina, where Banco Hipotecario operates. The indicative BICRA for Argentina is group '8', according to our criteria. One of the factors we base the BICRA score on is our evaluation of economic risk....
Companies mentioned in this report are: Banco Hipotecario S.A.,Argentina (Republic of) (Unsolicited Ratings),IRSA Inversiones y Representaciones 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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