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Bank Industry Risk Analysis: Italy Feb 03
Standard & Poors, Feb 2003
Abstract
Banks in Italy benefit from a dominant position in a solid, albeit weakened, economic system. In spite of declining economic growth in Italy in the past two years, domestic credit risk increased only moderately during 2002. Although the number of corporate insolvencies is expected to start growing in 2003 as the midsize and family-owned enterprises that form the backbone of the Italian economy begin to feel the impact of larger economic pressures, the anticipated rise in credit risk would not be enough to undermine the creditworthiness of Italy's banking system. It might, however, widen the gap in credit quality between stronger and weaker players, rewarding banks that have worked on improving credit risk awareness over the past decade. While Italian...
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.
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