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Bank Industry Risk Analysis: France (Republic of) Mar 06
Standard & Poors, March 2006
Abstract
Prosperous, stable, and highly diversified economy; Moderate credit risk market driven by solid household creditworthiness; Strong customer loyalty and widespread cross-selling; Extremely concentrated banking sector, dominated by a handful of strong, diversified banking groups with sustainable market positions; and Satisfactory risk management and sound supervisory framework. Low-growth economy generating modest business prospects in domestic retail banking; Intense competition in domestic credit activity; and Moderate operating flexibility. The French banking industry is among the healthiest in the world, with banks' creditworthiness up sharply in recent years from already sound levels. Standard & Poor's Ratings Services expects this uptrend to continue on the back of solid fundamentals in the domestic market, successful domestic and international business diversification strategies implemented by large banks,...
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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