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Standard & Poors, April 2011
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
Adequate capital ratios. High core net interest margin. Good liquidity. Strong financial flexibility. Weak loan performance. Net losses in recent years. High commercial real estate loan exposures. Significant collateralized debt obligation exposures. Standard & Poor's Ratings Services' ratings on Zions Bancorporation reflect our view of the company's adequate capital ratios, high core net interest margin (NIM), and good liquidity. However, the ratings also reflect Zions' weak, but improving, loan performance, large net losses in recent years, and significant loan exposures to commercial real estate (CRE), a loan segment that we think could remain challenged in the near term. The company's CRE, and especially its construction, loan exposures have hurt its loan performance, in our opinion, but these exposures have declined...
Companies mentioned in this report are: Zions Bancorporation,Zions First National Bank, Salt Lake City, UT,Zions Capital Trust B
Zions Bancorporation,Zions First National Bank, Salt Lake City, UT,Zions Capital Trust B