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BNP Paribas Oct 05
Standard & Poors, Oct 2005
Abstract
Strong and highly diversified business profile; Satisfactory financial profile, characterized by good asset quality, a diversified earnings stream, and strong cost controls; Focused strategy, which is well implemented by a stable management team; and Conservative risk management. Corporate-banking orientation entails significant credit risk exposure, including some single-name concentration; Exposure to stock market fluctuations, particularly through the equity portfolio; and Sizable portfolio of relatively illiquid trading instruments. The ratings on France-based BNP Paribas reflect the bank's strong and highly diversified business profile, as well as its sound financial profile, which is characterized by contained risk, satisfactory profitability and capitalization, and high financial flexibility. The ratings also factor in the group's focused strategy, good management, and moderate appetite for risk. BNP Paribas...
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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