S&P affirms BBVA Bancomer

Standard & Poor's said it affirmed the BBB/A-3 global scale and mxAAA/mxA-1+ national scale counterparty credit ratings on BBVA Bancomer SA.

The outlook remains stable.

The ratings reflect its predominant position in the Mexican banking system, solid profitability and adequate risk-adjusted capital ratios, S&P said.

Counterbalancing these positive factors is the bank's higher loan-to-deposit ratio than its peers, the agency said, and the risks related to operating in the highly competitive Mexican banking industry.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.