UBS Bank USA Nov 10
Standard & Poors, November 2010
Abstract
Implied support from parents UBS Americas and UBS AG, Little credit risk because of secured lending, maintenance requirements, and high creditworthy borrowers, and Robust capital and liquidity. Funding risk, Lack of business diversification; total dependence on parents and affiliates for customers and no fee income sources, and Modest profitability. Standard & Poor's Ratings Services' rating on UBS Bank USA reflect its relationship with its direct and ultimate parents, UBS Americas Inc. and UBS AG, which provide the bank with its customers as well as capital, funding, and operational support. The bank's conservative credit, liquidity, and capital policies are also positive ratings factors, while its funding risk, lack of business diversification, and modest profitability limit the rating. UBS Bank USA is...
Companies mentioned in this report are:
- UBS Bank USA
- UBS AG (NY Branch)
- UBS AG (Jersey Branch)
- UBS AG
- UBS Securities LLC
- UBS Bank (Canada)
- UBS Preferred Funding Trust II
- UBS Ltd.
- UBS Preferred Funding Trust IV
- UBS Loan Finance LLC
- UBS Preferred Funding Trust V
Action: Review
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: Full Analysis
- UBS Bank USA
- UBS AG (NY Branch)
- UBS AG (Jersey Branch)
- UBS AG
- UBS Securities LLC
- UBS Bank (Canada)
- UBS Preferred Funding Trust II
- UBS Ltd.
- UBS Preferred Funding Trust IV
- UBS Loan Finance LLC
- UBS Preferred Funding Trust V
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