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BancWest Corp. May 11
Standard & Poors, May 2011
Abstract
Status as a strategically important subsidiary of BNP Paribas, which has demonstrated financial support through capital infusions and loan guarantees Well-diversified portfolio by loan type Weak tangible capital at BancWest Corp., as an intermediate holding company Persistently high nonperforming assets (NPAs) and pressure on asset quality, while peers are showing stronger improvement Geographic concentration in California and Hawaii Standard & Poor's Ratings Services' rating on BancWest Corp. (BWE) reflects the implicit support the company receives as a strategically important and wholly owned subsidiary of its parent, BNP Paribas (AA/Negative/A-1+); a diversified loan portfolio; and BWE's historically adequate, and improving, stand-alone financial profile. Weak tangible capital at BWE (the U.S. intermediate holding company); high NPAs, with continuing pressure on the construction...
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
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