|
|
 |
|
Viewing report
|
|
|
|
Barclays Bank S.A. Dec 08
Standard & Poors, Dec 2008
Abstract
Ownership by and core status within Barclays Bank PLC Increasing geographic diversification in Spain Healthy asset quality in its prime residential mortgage portfolio Limited market risk Rapid asset quality deterioration in small and midsize enterprise portfolio Weak operating efficiency Relatively high single-name concentration Relatively lower market share and diversification than larger nationwide players The ratings on Spain-based Barclays Bank S.A. (BBSA) are underpinned by the bank's core status within Barclays Bank PLC (Barclays Group; AA/Watch Neg/A-1+), its increasing presence across Spain, healthy asset quality in its prime residential mortgage portfolio, and limited market risk. Negative rating factors include the deterioration in the bank's loan book, namely in its real estate developer portfolio; weak efficiency levels; relatively high single-name concentration; and...
Companies mentioned in this report are: Barclays Bank S.A.,Barclays Bank PLC,Absa Bank Ltd. (Unsolicited Ratings),Barclays Bank PLC (Australian Branch),Barclays Private Clients International Ltd.,Barclays Bank Ireland PLC,Barclays Bank Mexico S.A. ,Barclays PLC
Action: Review
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: Full Analysis
|
|
|
|
