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BancWest Corp. Dec 05
Standard & Poors, Dec 2005
Abstract
BNP Paribas' parental support Consistent earnings Diversified business mix Stable asset quality Weak holding company tangible capital levels Integration risk associated with acquisitions The ratings on BancWest Corp. (BancWest) incorporate the company's stand-alone financial performance as well as the support from its French parent, BNP Paribas (AA/Stable/A-1+). Standard & Poor's Ratings Services considers BancWest to be a strategically important subsidiary of BNP Paribas. The stand-alone assessment of BancWest incorporates the company's increasingly diversified business profile, stable asset quality, and consistent earnings. Offsetting these strengths, BancWest's acquisition strategy introduces a modest degree of integration risk, and the company's holding company tangible capital levels are weak relative to those of regional bank peers. BancWest's operating performance is consistent with that of its...
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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