Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative - S&P Global Ratings’ Credit Research

Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative

Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative - S&P Global Ratings’ Credit Research
Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative
Published Feb 13, 2012
2015 words — Published Feb 13, 2012
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Jan. 13, 2012, Standard&Poor's lowered its long- and short-term sovereign credit ratings on the Kingdom of Spain to 'A/A-1' from 'AA-/A-1+', assigned a negative outlook, and removed the ratings from CreditWatch negative. Subsequently, we have revised our Banking Industry Country Risk Assessment (BICRA) on Spain to group '5' from group '4', and our industry risk score to '5' from '3'. We are lowering our long- and short-term ratings on Spain-based Bankia S.A. to 'BBB-/A-3' from 'BBB+/A-2', and our long-term rating on Bankia's parent company, Banco Financiero y de Ahorros S.A. (BFA), to 'BB-' from 'BB+'. We are affirming the 'B' short-term rating on BFA. The negative outlook reflects the possibility of a further downgrade of Bankia and

  
Brief Excerpt:

RESEARCH Research Update: Bankia Downgraded To '###-/A-3', BFA L-T Rating Lowered To '##-' On Spain Downgrade And BICRA Change; Outlook Negative Publication date: 13-Feb-2012 Primary Credit Analyst: Elena Iparraguirre, Madrid (34)...

  
Report Type:

Research Update

Ticker
BKIA@SM
Issuer
Bankia S.A.
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Structured Finance
Country
Spain
Region
Latin America
Format:
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S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative" Feb 13, 2012. Alacra Store. May 21, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Bankia-Downgraded-To-BBB-A-3-BFA-L-T-Rating-Lowered-To-BB-On-Spain-Downgrade-And-BICRA-Change-Outlook-Negative-937149>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: Bankia Downgraded To 'BBB-/A-3', BFA L-T Rating Lowered To 'BB-' On Spain Downgrade And BICRA Change; Outlook Negative Feb 13, 2012. New York, NY: Alacra Store. Retrieved May 21, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-Bankia-Downgraded-To-BBB-A-3-BFA-L-T-Rating-Lowered-To-BB-On-Spain-Downgrade-And-BICRA-Change-Outlook-Negative-937149>
  
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