- Language: English
- 84 Pages
- Published: December 2010
- Region: United Kingdom
Summary: St. James's Place U.K. PLC
- Published: April 2011
- Standard & Poors
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
The ratings on St. James's Place U.K. PLC (SJPUK), a wholly owned subsidiary of U.K.-based wealth management group, St. James's Place PLC (SJP) (formerly St. James's Place Capital PLC), reflect the SJP group's strong position in the higher-net-worth U.K. life and pensions market, the resilience that earnings have shown in recent years, and its strong capitalization supported by a low risk profile. Offsetting factors include SJPUK's high operational gearing and relatively concentrated business model. SJP had -27 billion of assets under management on Dec. 31, 2010. SJPUK has established a strong position in its chosen niche, distributing products through an experienced direct sales force, the St. James's Place Partnership. In a market that is polarizing between low-margin commodity products and...
Companies mentioned in this report are: St. James's Place U.K. PLC
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St. James's Place U.K. PLC
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