| Add to balance / Manage account | User: | Log out |
| Prospect News home > News index > List of issuers B > Headlines for BBVA Bancomer SA > News item |
S&P rates BBVA Bancomer notes BBB-
Standard & Poor's said it assigned its BBB- subordinated debt rating to BBVA Bancomer SA's, acting through its Grand Cayman branch, $500 million nonpreferred subordinated notes due 2015.
The net proceeds to the bank from the sale of the notes will be used to prepay the bank's junior subordinated capital notes issued on Feb. 16, 2001.
BBVA Bancomer (local currency: BBB+/stable/A-2; foreign currency: BBB/stable/A-3) is the largest bank in Mexico with 28% market share in terms of deposits. It has the most extensive branch network and client base and has established successful commercialization efforts to maintain this position in a very competitive environment.
© 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.