|
|
 |
|
Viewing report
|
|
|
|
BancWest Corp. Feb 08
Standard & Poors, Feb 2008
Abstract
Implicit support from parent, BNP Paribas Consistently strong earnings Increasingly diversified loan portfolio Stable and strong asset quality Weak tangible capital levels at BancWest (intermediate holding company) Integration risk in acquisitive strategy Standard & Poor's Ratings Services' rating on BancWest Corp. (BWE) reflect the implicit support the company receives from being a core and strategic subsidiary of its parent, BNP Paribas (AA+/Stable/A-1+), consistently strong earnings, increasingly diversified loan portfolio, and strong and stable asset quality, as well as BWE's adequate stand-alone financial profile. The rating strengths are offset by weak tangible capital levels and ongoing integration risk in its acquisitive strategy. The stand-alone assessment of BWE highlights the company's consistently strong historical earnings, diversified loan portfolio, and solid asset quality...
Companies mentioned in this report are: BancWest Corp.,BNP Paribas,BNP Paribas Canada,First Hawaiian Bank,Bank of the West,BNP Paribas Personal Finance,Cardif Assurance Vie,Pinnacle Insurance PLC,First Hawaiian Capital I,BNP U.S. Funding Ltd. Liability Co.,BancWest Capital I,Findomestic Banca SpA,BNP Paribas Personal Finance EAD,Banca Nazionale del Lavoro SpA,BNP Paribas Cardif,Cardif-Assurances Risques Divers
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
|
|
|
|
