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Article: S&P Rts Banco Santander Mexicano $212M Sub Debs BB- Banco Santander Mexicano, S.A.
- Article from:
- Business Wire
- Article date:
- June 18, 1998
CopyrightCOPYRIGHT 1998 Business Wire. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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NEW YORK--(BUSINESS WIRE)--S&P's CreditWire 6/18/98--Standard & Poor's today has assigned double-'B'-minus rating to Banco Santander Mexicano S.A.'s (SanMex) US$212.5 million subordinated capital debentures due May 16, 2004.
At the same time, Standard & Poor's affirmed its double-'B'-plus/single-'B' local currency counterparty credit ratings and its double-'B'/single-'B' foreign currency counterparty credit ratings on the bank. The outlook on the local currency ratings is stable. The outlook on the foreign currency ratings is positive.
The counterparty credit ratings are underpinned by:
-- The strengthening of the bank's balance ...