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Bank Industry Risk Analysis: Italy Nov 00
Standard & Poors, Nov 2000
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
From Standard & Poor's perspective, there has been a definite improvement in the industry risk of the Italian banking system in the past decade. The improvement is the result of a process of restructuring underway since the early 1990s, when the forces of privatization and deregulation were initially unleashed. Standard & Poor's believes that the Italian banking industry no longer presents higher risks than its major European competitors. There is a strong trend toward consolidation in what has formerly been quite a fragmented system. The major banks, such as UniCredito Italiano, Sanpaolo IMI , and Banca Intesa, which themselves were born of mergers, have been and are expected to continue to be the drivers of the consolidation process. However, the...
Companies mentioned in this report are: Banca Nazionale del Lavoro SpA (former),France (Republic of) (Unsolicited Ratings),Japan (Unsolicited Ratings),United Kingdom (Unsolicited Ratings),Spain (Kingdom of),Germany (Federal Republic of) (Unsolicited Ratings),Italy (Republic of) (Unsolicited Ratings),Sanpaolo IMI SpA,Istituto Mobiliare Italiano SpA,UniCredit SpA,CARIPLO-Cassa di Risparmio delle Provincie Lombarde SpA,Banca Monte dei Paschi di Siena SpA,Banco di Napoli SpA,Unicredit Delaware Inc.,Banca CRT SpA,Sanpaolo IMI Bank (International) S.A.,Banca Commerciale Italiana (NY branch),Capitalia SpA,Cariverona Banca SpA,Cassa di Risparmio di Padova e Rovigo SpA,Intesa Sanpaolo SpA,UniCredit MedioCredito Centrale SpA,Milan (City of),Banca Popolare di Bergamo-Credito Varesino,Fineco SpA,Rome (City of),Banca Popolare di Verona - Banco San Geminiano e S. Prospero SCRL,Banca Agricola Mantovana SpA,Mediolanum Vita SpA,Cassa di Risparmio in Bologna SpA,Italease Finance SpA,Cardine Banca SpA,Banca Lombarda SpA
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