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Bank Industry Risk Analysis: French Bank Creditworthiness Sound, Expected To Remain Resilient Apr 07
Standard & Poors, April 2007
Abstract
Stable and highly diversified economy Strong customer loyalty and widespread cross selling Moderate credit risk, driven by solid household creditworthiness Concentrated banking sector, dominated by a handful of strong, diversified banking groups with sustainable market positions and sound financial performance Satisfactory risk management and sound supervisory framework Low-growth economy generating modest business prospects in domestic retail banking Intense competition in domestic credit activity, resulting in persistent margin pressure 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. Solid fundamentals in the domestic market, large banks' successful domestic and international business diversification strategies, and the maintenance of sound solvency positions resulted in a number...
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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