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ARCHIVE | Criteria | Financial Institutions | Banks: Credit Stress-Testing Canadian Banks
Standard & Poors, July 2009
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.
Abstract
1. Standard & Poor's Rating Services is refining its assumptions for credit stress testing financial institutions in Canada. We are publishing this article to help market participants better understand our approach to credit loss assumptions in analyzing and stress-testing Canadian financial institutions. This article is related to our criteria article 'Principles Of Corporate And Government Ratings,' which we published on June 26, 2007. 2. We are making and applying these assumptions in accordance with our methodology for stress-testing outlined in 'Credit Stress Testing For Financial Institutions,' published on April 29, 2009. 3. We expect no rating changes as a result of the application of these assumptions. 4. The criteria assumptions are effective immediately and their application is described in a...
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