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Bucking the Trend--Strengthening Bank Creditworthiness in Central and Eastern Europe Oct 02
Standard & Poors, Oct 2002
Abstract
Over the past 12 months, the credit ratings on Central and Eastern European banks--including those in the Russian Federation (BB-/Stable/B), Ukraine (B/Stable/B), and the Republic of Kazakhstan (foreign currency, BB/Positive/B; local currency, BB+/Positive/B)--have been on an improving trend, compared with many other emerging and more mature markets globally. The recent trend in bank rating upgrades in the region is in stark contrast to the dire situation of the 1990s, when many of the region's banking systems were brought to the brink of collapse by extremely difficult economic and industry-related problems, which led to a wave of downgrades and defaults. To put the recent upgrades into perspective, however, in many cases, the ratings are back where they were about five years...
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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