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Bank of Baroda
Standard & Poors, Dec 2001
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
Abstract
The counterparty credit ratings on Bank of Baroda (BoB) reflect the bank's sound business profile as one of the largest and better-performing state-owned banks in India. The bank's credit profile, however, is moderated by its weak asset-quality position, which undermines stated capital ratios. The weak operating environment in India, together with a legal framework that hampers the resolution of nonperforming assets (NPAs), ensure that asset quality will remain a challenge for the bank into the medium term. Accordingly, management of the financial fallout from asset-quality problems remains the key factor in the bank's future profitability and will influence the extent to which additional external capital will be required to support operations. BoB is majority owned by the Government of India...
Companies mentioned in this report are: Bank of Baroda (Unsolicited Ratings)
Action: Review
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