trending Market Intelligence /marketintelligence/en/news-insights/trending/9JLReW1OSPEj-BDPT1khXg2 content esgSubNav
In This List

S&P affirms Bank of America México's ratings

Blog

Banking Essentials Newsletter: July Edition - Part 2

Blog

Anticipate the Unknown Go Beyond Fundamentals to Uncover Early Signs of Private Company Credit Deterioration

Blog

Taking Loss Given Default Estimation to the Next Level: An Aspiration for All Creditors, Not Just Banks

Blog

Anticipate the Unknown A Fundamentals Approach to Detect Early Signs of Private Company Credit Deterioration


S&P affirms Bank of America México's ratings

Standard & Poor's Ratings Services on April 12 affirmed itslong- and short-term national counterparty credit ratings on Bank of America México SA Institución de Banca Múltiple atmxAAA and mxA-1+, respectively.

The outlook is stable.

The ratings incorporate S&P's assessment of the bank's weakbusiness position due to income fluctuations given its approach to brokerage business,which is more volatile; a strong level of capitalization through constant internalcapital generation; and a moderate risk position given low risk diversification.They also reflect the bank's below average funding but adequate liquidity. S&Pbelieves the bank to be a highly strategic subsidiary to its parent

S&P Ratings and GlobalMarket Intelligence are owned by McGraw Hill Financial Inc.