|
|
 |
|
Viewing report
|
|
|
|
An Updated View Of Extraordinary Government Support For U.S. Financial Institutions Feb 10
Standard & Poors, Feb 2010
Abstract
Standard & Poor's Ratings Services believes that the U.S. financial services industry is undergoing a structural transformation that could include significant changes with long-term repercussions (see 'Recent Rating Actions Reflect Industry Risk For U.S. Financial Institutions,' published June 17, 2009, on RatingsDirect). During this transition period, we have incorporated potential extraordinary government support to systemically important financial institutions into our analyses. Accordingly, for U.S. financial institutions that, in our opinion, may be viewed as highly systemically important, our issuer credit ratings (ICRs) may be one or more notches above the institutions' stand-alone credit profiles (SACP) (see 'Twelve Major U.S. And European Financial Institutions Have Ratings Lowered, Outlooks Revised,' published Dec. 19, 2008, on RatingsDirect). We generally expect the SACPs and...
Companies mentioned in this report are: Bank of America Corp.,Morgan Stanley,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.
|
|
|
|
