Industry Report Card: Latin American Nonbank Financial Institutions Continue To Perform Well, Despite Funding Challenges May 12
Standard & Poors, May 2012
Abstract
Overall, Latin American nonbank financial institutions (NBFIs) that Standard & Poor's Ratings Services rates, excluding mortgage lenders, maintained adequate asset quality indicators and good profitability and capitalization levels during 2011. However, funding continues to be one of the main weaknesses as the strongest companies in the sector are heavily dependent on funding from the capital markets, and the weaker ones continue to struggle finding enough funding sources. We maintain stable outlooks on most of the NBFIs we rate. NBFIs include multipurpose finance companies and limited-purpose finance companies (sofomes and sofoles, respectively, to use their Spanish acronyms), such as leasing companies, paper discount lenders, factoring companies, and general lenders. They also include pawn shops among other types of financial intermediaries. Overall,...
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Financiera de Desarrollo Nacional S.A.
- Credito Real, S.A.B. de C.V., SOFOM, E.N.R.
- Almacenadora Mercader S.A. de C.V.
- ING Hipotecaria S.A. de C.V. S.F.O.L.
- Metrofinanciera S.A.P.I. de C.V. SOFOM E.N.R.
- Navistar Financial S.A. de C.V. SOFOM E.N.R.
- Unifin Financiera, S.A.P.I. de C.V. SOFOM, E.N.R.
- Sociedad Hipotecaria Federal S.N.C.
- Sistema de Credito Automotriz, S.A. de C.V.
- Fincasa Hipotecaria S.A. de C.V. SOFOM E.R. Grupo Financiero Banorte
- Cooperativa Del Personal de La Universidad de Chile Ltda-Coopeuch Ltda
- Almacenadora Afirme S.A. de C.V.
- Instituto del Fondo Nacional de la Vivienda para los Trabajadores (Infonavit)
- Financiera Independencia S.A.B. de C.V. SOFOM E.N.R.
- Finagil S.A. de C.V. SOFOM E.N.R.
- Docuformas S.A.P.I. de C.V.
- Factoring Corporativo S.A. de C.V. SOFOM E.N.R.
- IXE Automotriz, S.A. de C.V SOFOM, E.R. Grupo Financiero Banorte
- Toyota Financial Services Mexico, S.A. de C.V.
- Fondo Especial de Asistencia Tecnica y Garantia Para Creditos Agropecuarios (FEGA)
- Fondo Especial para Financiamientos Agropecuarios
- Leasing Operations de Mexico S. De R. L. De C.V.
- Montepio Luz Savinon I.A.P.
- Banco Toyota do Brasil S.A.
- Consupago S.A. de C.V. S.F.O.L
- Mercedes-Benz Compania Financiera Argentina S.A.
- RCI Banque Sucursal Argentina
- FinComun Servicios Financieros Comunitarios S.A. de C.V. Sociedad Financiera Popular
- Fondo de la Vivienda del Instituto de Seguridad y Servicios Sociales de los Trabajadores del Estado (Fovissste)
- Toyota Compania Financiera de Argentina S.A.
- Banco Volkswagen S.A.
- PACCAR Financial Mexico, S.A. de C.V. SOFOM, E.N.R.
- Operadora de Servicios Mega S.A. de C.V. SOFOM E.N.R.
- CFG Holdings, Ltd.
- Fiat Credito Compania Financiera S.A.
- CHG-Meridian Mexico S.A.P.I. de C.V.
- Hipotecaria Casa Mexicana S.A. de C.V. SOFOM E.N.R.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW5
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
