Ratings roundup: Banamex, Banco de Bogotá bonds, Supervielle Créditos Banex 51

- Friday, September 23, 2011

Ratings roundup: Banamex, Banco de Bogotá bonds, Supervielle Créditos Banex 51

Moody's has assigned provisional long and short-term global local currency senior debt ratings of A2 and prime-1 to Mexican lender Banamex's senior debt program of up to 50bn pesos (US$3.62bn) for up to five years.

The agency also assigned long and short-term national scale senior debt ratings of Aaa and MX-1 to the program. The outlook on these ratings is stable, Moody's said in a report.

Banamex, a unit of Citi (NYSE: C), is the second largest bank in the country and had 1.14bn pesos in assets as of end-of June.

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To read the full report, go to this link

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Moody's has assigned a Baa2 long-term foreign currency debt rating to Colombian lender Banco de Bogotá's proposed senior unsecured notes of US$1bn with a 10-year maturity. The debt rating has a stable outlook, the agency said in a report.

The rating is based on Banco de Bogotá's local currency deposit rating of Baa1, with a negative outlook, and is constrained by Colombia's country ceiling for foreign currency bonds and notes of Baa2.

Banco de Bogotá is Colombia's second largest bank and had US$36bn in total assets and US$3.6bn in shareholder equity as of end-June.

To read the full report, go to this link

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Moody's rated the debt securities and certificates of Supervielle Créditos Banex 51, a personal loan securitization in Argentina, issued by Deutsche Bank (NYSE: DB), acting solely in its capacity as issuer and trustee.

The rated securities are payable via the cash flow coming from the assets of the trust, which is an amortizing pool of some 22,690 eligible personal loans denominated in Argentine pesos, with a fixed interest rate, originated by Banco Supervielle and worth 120mn pesos (US$28.5mn).

To read the full report, go to this link