Banco Hipotecario del Uruguay: Update following rating affirmation, outlook changed to positive

Banco Hipotecario del Uruguay: Update following BCA upgrade to baa3 - Credit Opinion – 2024/04/10 – US$ 250.00 – ...Banco Hipotecario del Uruguay (BHU) has a Baseline Credit Assessment (BCA) of baa3, which reflects the bank's low problem loan ratios, which have remained consistently below the system's average ratio in recent years, the strong level of its capital position and steady access to stable, low-cost core deposits. In addition, the baa3 BCA incorporates the lack of revenue diversification in BHU's franchise as a monoline lender and the relatively low volume of liquid resources in the bank's balance sheet. On 18 March 2024, we upgraded BHU's BCA to baa3 from, from ba1, and long-term local- and foreign currency deposit ratings to Baa1, from Baa2. The bank's deposit ratings incorporate the full and unconditional guarantee of the bank's obligations by the Government of Uruguay (Baa1, Stable), which is the bank's only shareholder....

Banco Hipotecario del Uruguay: Update following BCA upgrade to ba1 - Credit Opinion – 2022/05/03 – US$ 250.00 – ...Banco Hipotecario del Uruguay's (BHU) has a Baseline Credit Assessment (BCA) of ba1, which reflects the bank's low problem loan ratio, relative to the system's average ratio, strong capitalization and proven access to stable, low-cost core deposits. In addition, the ba1 BCA incorporates the lack of revenue diversification in BHU's franchise as a monoline lender and the relatively low volume of liquid resources in the bank's balance sheet. On 28 April 2022, we upgraded BHU's BCA and adjusted BCA to ba1, from ba2, and affirmed the bank's long- and short-term local- and foreign-currency deposit ratings at Baa2 and Prime 2. BHU's deposit ratings of Baa2 incorporate the full and unconditional guarantee of the bank's obligations by the Government of Uruguay (Baa2 stable), which is the bank's only shareholder....

Moody's affirms BHU's Baa2 deposit ratings and upgrades BCA to ba1; stable outlook - Rating Action – 2022/04/28 – US$ 180.00 – ...MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS, AND PUBLICATIONS ARE NOT INTENDED FOR USE BY RETAIL INVESTORS AND IT WOULD BE RECKLESS AND INAPPROPRIATE FOR RETAIL INVESTORS TO USE MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS OR PUBLICATIONS WHEN MAKING AN INVESTMENT DECISION. IF IN DOUBT YOU SHOULD CONTACT YOUR FINANCIAL OR OTHER PROFESSIONAL ADVISER. ALL INFORMATION CONTAINED HEREIN IS PROTECTED BY LAW, INCLUDING BUT NOT LIMITED TO, COPYRIGHT LAW, AND NONE OF SUCH INFORMATION MAY BE COPIED OR OTHERWISE REPRODUCED, REPACKAGED, FURTHER TRANSMITTED, TRANSFERRED, DISSEMINATED, REDISTRIBUTED OR RESOLD, OR STORED FOR SUBSEQUENT USE FOR ANY SUCH PURPOSE, IN WHOLE OR IN PART, IN ANY FORM OR MANNER OR BY ANY MEANS WHATSOEVER, BY ANY PERSON WITHOUT MOODY'S PRIOR WRITTEN CONSENT. MOODY'S CREDIT RATINGS, ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT...

Banco Hipotecario del Uruguay: Update to credit analysis - Credit Opinion – 2021/08/31 – US$ 250.00 – ...Banco Hipotecario del Uruguay (BHU) has a Baseline Credit Assessment (BCA) of ba2, which reflects its low problem loan ratio, relative to the system's average ratio. The ba2 BCA also incorporates BHU's strong capitalization and proven access to stable, low-cost core deposits. In addition, the ba2 BCA captures the lack of revenue diversification in BHU's franchise as a monoline lender; and the relatively low volume of liquid resources in the bank's balance sheet, particularly compared with that of other banks in the country. BHU is a 100% government-owned residential mortgage lender responsible for the origination of more than half of the mortgage loans in the system. The bank's global scale local and foreign-currency deposit ratings of Baa2 incorporate the full and unconditional guarantee of the bank's obligations by the Government of Uruguay (Baa2 stable), which is BHU's only shareholder....

Moody's Latin America assigns Moody's Local Uruguay domestic ratings concurrently with the withdrawal of all Ratings previously issued in Uruguay - Rating Action – 2020/10/21 – US$ 180.00 – ...ASSESSMENTS, OTHER OPINIONS AND PUBLICATIONS ARE NOT INTENDED FOR USE BY ANY PERSON AS A BENCHMARK AS THAT TERM IS DEFINED FOR REGULATORY PURPOSES AND MUST NOT BE USED IN ANY WAY THAT COULD RESULT IN THEM BEING CONSIDERED A BENCHMARK. All information contained herein is obtained by MOODY'S from sources believed by it to be accurate and reliable. Because of the possibility of human or mechanical error as well as other factors, however, all information contained herein is provided "AS IS" without warranty of any kind. MOODY'S adopts all necessary measures so that the information it uses in assigning a credit rating is of sufficient quality and from sources MOODY'S considers to be reliable including, when appropriate, independent third-party sources. However, MOODY'S is not an auditor and cannot in every instance independently verify or validate information received in the rating process or in preparing its Publications. To the extent permitted by law, MOODY'S and its directors, officers,...

Moody's Latin America asigna calificaciones de riesgo bajo la marca de Moody's Local Uruguay al mismo tiempo que retira todas las calificaciones anteriormente emitidas en Uruguay - Rating Action – 2020/10/21 – US$ 180.00 – ...Global Credit Research - 21 Oct 2020 Buenos Aires City, October 21, 2020 -- Moody¦s Latin America Agente de Calificaci=n de Riesgo S.A. ("MLA") ha retirado todas sus calificaciones en escala nacional y global de entidades, valores y obligaciones en Uruguay, que habfan sido emitidas bajo la marca de Moody's Investors Service. Por favor remitirse al siguiente https://www.moodys.com/viewresearchdoc.aspx?docid=PBC ARFTL433634 para consultar la(s) lista(s) de calificaciones afectadas, la(s) cual(es) forma(n) parte integral de este comunicado de prensa. Al mismo tiempo, MLA asign= nuevas calificaciones locales a esos mismos emisores, valores y obligaciones bajo la marca Moody's Local Uruguay, y su nueva plataforma de calificaciones locales. Mßs detalles acerca del lanzamiento de Moody's Local Uruguay y la asignaci=n de calificaciones locales en dicho pafs pueden encontrarse en www.moodyslocal.com.uy. El estado de otras calificaciones en escala global (GSR, por sus siglas en inglTs) de compa±fas...