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Banking Industry Country Risk Assessment: United States Of America Feb 10
Standard & Poors, Feb 2010
Abstract
Diversity and efficiency of economic environment Resiliency of banking system Deep capital markets foster liquidity High credit costs Regulation did not prevent poor underwriting Macroeconomic imbalances Standard & Poor's Ratings Services' ranking of the U.S. financial system as part of Group 3 in our Banking Industry Country Risk Assessment (BICRA) reflects our view that the U.S. financial system is a diverse, efficient intermediator of funds and allocator of investments in a very large, relatively stable, and prosperous economy. It benefits from the position of the U.S. dollar as a reserve currency that both insulates the system from the fiscal and current account deficits of the economy and ensures that the banking system does not rely on external funding. On the...
Companies mentioned in this report are: Bank of America Corp.,United States of America (Unsolicited Ratings),Morgan Stanley,JPMorgan Chase & Co.,Citigroup Inc.,The Goldman Sachs Group Inc.
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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