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Bank Industry Risk Analysis: Sweden (Kingdom of) Oct 02
Standard & Poors, Oct 2002
Abstract
The banking system in Sweden is financially strong and is well equipped to face a more severe economic downturn than the present. The Kingdom of Sweden (local currency AAA/Stable/A-1+; foreign currency AA+/Positive/A-1+) enjoys a robust economic performance and good competitive position, together with a well-diversified and export-oriented industrial base. There are no apparent systemic risks in the Swedish financial system, and regulation and supervision is in accordance with international standards. Financial stability is also supported by the strong savings position of Swedish households and the low leverage of property companies, although the number of bankruptcies and indebtedness of nonfinancial corporations have increased slightly in recent months. Significant concentration in the domestic banking system, with four major banks holding more than...
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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