Moody's assigns Bancomer notes A2

Moody's Investors Service said it assigned an A2 long-term senior debt rating to BBVA Bancomer, SA's 10-year fixed-rate senior debt notes of $750 million issued through the bank's Texas Agency (BBVA Bancomer, SA Texas Agency).

The outlook is stable.

Moody's said the A2 senior debt rating derives from BBVA Bancomer's A2 local currency deposit rating, which in turn, incorporates the bank's baa1 standalone baseline credit assessment and the assumption of a high probability of systemic support in case of stress.

© 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.