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Prospect News home > News index > List of issuers I > Headlines for IXE Banco SA de CV > News item
Published on 6/13/2007 in the Prospect News Emerging Markets Daily.

S&P: IXE Banco unaffected

Standard & Poor's said that the ratings on IXE Banco SA de CV (BB/Stable/B) will not be affected by a $230 million capital injection from Brysam Global Partners into IXE Grupo Financiero (mxA-/stable/mxA-2).

The agency said that the investment will result in total capital of $489 million.

Even though the capital increase is high, at the moment, the agency said that there is not a clear decision about how to use the investment.


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