|
|
 |
|
Viewing report
|
|
|
|
Banco de Sabadell S.A. Aug 05
Standard & Poors, Aug 2005
Abstract
Strong position in core business; Healthy operating performance; Conservative management of growth, particularly by acquisitions; and Strong asset quality track record throughout the economic cycle. Meaningful exposure to the real estate development and construction sectors; Rapidly increased capital leverage, although core solvency levels remain sound; and Lower business and geographic diversification than large universal domestic competitors. The ratings on Spain-based Banco de Sabadell S.A. reflect the bank's strong expertise and close ties with its customer base--factors that to a great extent underlie its historically sound performance. Although the acquisition of Banco Atl-ntico in 2004 and the process of integration have diluted returns, Sabadell's still-healthy revenue generation capacity benefits from its long focus on small and midsize enterprises (SMEs) in the...
Companies mentioned in this report are: Banco de Sabadell S.A.,Banco Comercial Portugues S.A.,Caja de Ahorros y Pensiones de Barcelona
Action: Review
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
|
|
|
|
