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Article: Banco Santander Mexicano S.A. Outlks Revised by S&P.
- Article from:
- Business Wire
- Article date:
- October 2, 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)--Standard & Poor's CreditWire 10/2/98--Standard & Poor's revised its local currency outlook of Banco Santander Mexicano S.A. to negative from stable.
At the same time, Standard & Poor's revised its foreign currency outlook on the bank to stable from positive.
Standard & Poor's affirmed its double-'B'-plus/single-'B' local currency counterparty credit ratings and double-'B'/single-'B' foreign currency counterparty credit ratings on the bank.
The outlook revision on the local currency rating reflects Standard & Poor's expectations of a more difficult operating environment for the Mexican banking system in the medium ...