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2010 U.S. Banking Industry Outlook: Regulatory Changes And Tough Credit Conditions Could Dampen U.S. Bank Ratings Feb 10
Standard & Poors, Feb 2010
Abstract
Despite general signs of economic recovery, Standard & Poor's Ratings Services expects the U.S. banking industry to continue to struggle in 2010, with further credit-quality deterioration and depressed profits. On the plus side, capital levels and liquidity have both improved from a year ago, in part due to unprecedented government support for the banking industry. Given the outlook for the economy, we expect loan demand to remain anemic in 2010. Credit quality will also likely decline further, especially in mortgage and home equity loans, commercial and industrial loans, and commercial real estate (CRE) loan portfolios. We see 2010 as a year of transition for the industry, as banks need to generate earnings, manage their credit losses, raise capital as necessary,...
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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