|
|
 |
|
Viewing report
|
|
|
|
Bank Industry Risk Analysis: Germany (Federal Republic of) Dec 02
Standard & Poors, Dec 2002
Abstract
Although Standard & Poor's anticipates a continued weak performance in the German banking system in 2003 based on modest economic growth prospects and as a result of severely depressed unrealized reserves in the banks' financial investments, it remains confident that there are no immediate threats to the overall liquidity and solvency of the banking system as a whole. However, German banks' business and risk profiles have weakened steadily in recent years as a result of the structural weaknesses of the German banking system, the structural problems of the German economy, and management failures--all of which have been sharply aggravated by the cyclical downturn since 2001. Owing to these persistent structural weaknesses, Standard & Poor's continues to consider Germany (AAA/Stable/A-1+) as...
Companies mentioned in this report are: Deutsche Bank AG,Dresdner Bank AG,Germany (Federal Republic of) (Unsolicited Ratings),Commerzbank AG,Allianz SE,DekaBank Deutsche Girozentrale,Depfa Deutsche Pfandbriefbank AG,DZ BANK AG Deutsche Zentral-Genossenschaftsbank ,UniCredit Bank AG,Deutsche Postbank AG,Eurohypo AG
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
