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Bank Industry Risk Analysis: Czech Republic's EU Integration Supports An Improving Economy And Financial Intermediation Apr 08
Standard & Poors, April 2008
Abstract
Strong international ownership of Czech banks supports enhanced internal risk management The Czech Republic's increasingly stable and affluent economic base benefits the domestic banking sector's development. Banks have the capacity to post better financial results and maintain adequate asset quality, because financial intermediation is deepening. The creditworthiness of the Czech banking sector is holding a steady course, resulting in an adequate Bank Industry Country Risk Assessment (BICRA). The Czech Republic (foreign currency, A/Stable/A-1; local currency, A+/Stable/A-1) is in BICRA group four (the highest of all the EU members that have joined since May 2004) on par with the Hellenic Republic (Greece; A/Stable/A-1), State of Israel (foreign currency A/Positive/A-1; local currency AA-/Stable/A-1+), Kingdom of Saudi Arabia (AA-/Stable/A-1+), and Malaysia (foreign currency...
Companies mentioned in this report are: Societe Generale,UniCredit SpA,Czech Republic,Komercni Banka A.S.,Ceska Sporitelna A.S.,Erste Group Bank AG,UniCredit Bank AG
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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