Home Credit Ratings and Research Residential Mortgage-Backed Securities S&P Global Ratings’ Credit Research Banco Nacional de Comercio Exterior S.N.C.

Banco Nacional de Comercio Exterior S.N.C.

Published Jul 14, 2014

3399 words — Published Jul 14, 2014

Price US$ 500.00 | Buy this Report Now

About This Report

Abstract:

Adequate business stability; Adequate risk position and asset quality metrics; and Bancomext has a guarantee from the federal government for all its financial obligations. This guarantee provides more flexibility to regularly obtain financial resources. Recent aggressive growth could pressure capitalization and asset quality metrics; and Limited business penetration due to government dependency Our stable outlook on Banco Nacional de Comercio Exterior S.N.C. (Bancomext) reflects the outlook on Mexico and our view that there is an "almost certain" likelihood of extraordinary support from the government. We expect Bancomext to maintain its "critical" role and "integral" link to the government by continuing to develop and implement public policies to support foreign trade in Mexico. As a result, the ratings on the bank

Brief Excerpt:

RESEARCH Banco Nacional de Comercio Exterior S.N.C. Publication date: 14-Jul-2014 Primary Credit Analyst: Jesus S Sotomayor, Mexico City 52 (55) 5081 4486; jesus.sotomayor@standardandpoors.com Secondary Contact: Alfredo E Calvo, Mexico...

Report Type:

Full Report

Ticker

74283Z@MM

Issuer

Banco Nacional de Comercio Exterior S.N.C.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Structured Finance

Country

Mexico

Region

Latin America

Format:

PDF

Banco Nacional de Comercio Exterior ''BBB+/A-2'' Foreign Currency And ''A/A-1'' Local Currency Ratings Affirmed – 2015/06/12 – US$ 150.00

Research Update: Banco Nacional de Comercio Exterior 'BBB+/A-2' Foreign Currency And 'A/A-1' Local Currency Ratings Affirmed – 2015/06/12 – US$ 225.00

Banco Nacional de Comercio Exterior S.N.C. – 2015/07/06 – US$ 500.00

Summary: Banco Nacional de Comercio Exterior S.N.C. – 2015/07/06 – US$ 225.00

Banco Nacional de Comercio Exterior S.N.C.'s Initial $750 Million Senior Unsecured Notes Rated 'BBB+' – 2015/09/22 – US$ 150.00

Summary: Banco Nacional de Comercio Exterior S.N.C. – 2014/07/14 – US$ 225.00

Banco Nacional de Comercio Exterior 'BBB+/A-2' Foreign Currency And 'A/A-1' Local Currency Ratings Affirmed – 2014/06/24 – US$ 150.00

Research Update: Banco Nacional de Comercio Exterior 'BBB+/A-2' Foreign Currency And 'A/A-1' Local Currency Ratings Affirmed – 2014/06/24 – US$ 225.00

Banco Nacional de Comercio Exterior S.N.C. – 2013/10/18 – US$ 500.00

Summary: Banco Nacional de Comercio Exterior S.N.C. – 2013/10/18 – US$ 225.00

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Banco Nacional de Comercio Exterior S.N.C." Jul 14, 2014. Alacra Store. May 22, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Banco-Nacional-de-Comercio-Exterior-S-N-C-1346479>

APA:	S&P Global Ratings’ Credit Research. (). Banco Nacional de Comercio Exterior S.N.C. Jul 14, 2014. New York, NY: Alacra Store. Retrieved May 22, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Banco-Nacional-de-Comercio-Exterior-S-N-C-1346479>

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