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BancWest Corp. Dec 06
Standard & Poors, Dec 2006
Abstract
Extensive support from parent, BNP Paribas Consistent earnings Increasingly diversified loan portfolio Stable and improved asset quality Weak tangible capital levels Possible integration and execution risks associated with acquisitions On Nov. 15, 2006, Standard & Poor's Ratings Services revised its outlook on BancWest Corp. (BancWest; A+/A-1) to positive from stable, reflecting the change in the outlook on its parent, BNP Paribas (AA/Positive/A-1+). As a strategically important subsidiary of BNP Paribas, the ratings on BancWest incorporate the company's stand-alone financial performance and support from BNP Paribas. The stand-alone assessment of BancWest is based on the company's consistent earnings, increasingly diversified loan portfolio, and stable and improved asset quality. Offsetting the benefits of these strengths, BancWest's tangible capital levels are very weak...
Companies mentioned in this report are: BancWest Corp.,BNP Paribas,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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