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Bank Industry Risk Analysis: France Oct 03
Standard & Poors, Oct 2003
Abstract
The overall improvement in profitability and capital ratios that has taken place since the mid-1990s has left French banks in a better position to absorb external shocks. This contrasts with the first half of the 1990s, when the financial profiles of French commercial banks lagged far behind those of its European peers. Over the past two years, the French banking system has withstood the fall in equity markets and the economic slowdown, and continued to post satisfactory operating results. Although a lagging effect of the current economic slowdown in France and elsewhere in Europe could have a negative impact on the performance of French banks in the coming quarters, the scope of any deterioration is likely to be moderate, thanks...
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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