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BNP Paribas May 06
Standard & Poors, May 2006
Abstract
Strong and highly diversified business profile; Satisfactory financial profile, characterized by good asset quality, a diversified earnings stream, and strict cost controls; Stable management team; and Moderate risk appetite. Exposure to stock-market fluctuations; Sizable portfolio of relatively illiquid trading instruments; and Corporate-banking orientation that entails significant credit risk exposure. The ratings on French banking group BNP Paribas reflect its strong and highly diversified business profile; sound financial position characterized by contained risk, satisfactory profitability, adequate capitalization, and high financial flexibility; along with the group's good management and moderate risk appetite. BNP Paribas' extremely diverse core businesses benefit from strong market positions and robust risk management, giving rise to resilient financial performance. A stable management team has efficiently executed the group's...
Companies mentioned in this report are: BNP Paribas,BancWest Corp.,BNP Paribas Canada,First Hawaiian Bank,Bank of the West,BNP Paribas Personal Finance,Pinnacle Insurance PLC,First Hawaiian Capital I,BNP U.S. Funding Ltd. Liability Co.,BancWest Capital I,Findomestic Banca SpA,BNP Paribas US Medium-Term Note Program LLC,BNP Paribas US Structured Medium-Term Note Program LLC
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
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