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BNP Paribas Jun 03
Standard & Poors, June 2003
Abstract
The ratings on BNP Paribas reflect the group's strong and highly diversified business profile, and its satisfactory financial profile, which is characterized by contained risk, good profitability, and a sound capital base. Also factored into the ratings are the group's focused strategy and moderate appetite for risk. BNP Paribas is one of the largest banking groups in Europe. Its very diverse core businesses, covering retail banking in France and abroad, retail financial services, asset management, and selected investment-banking activities, benefit from strong market positions and robust risk management, allowing for resilient financial performances in a mediocre operating environment. Since its inception in 1999, BNP Paribas has successfully reallocated capital toward businesses that generate recurring profit (such as retail banking and...
Companies mentioned in this report are: BNP Paribas,BancWest Corp.,BNP Paribas Canada,First Hawaiian Bank,Bank of the West,Natiocredibail,Natiocredimurs,BNP Paribas Personal Finance,Pinnacle Insurance PLC,First Hawaiian Capital I,BNP U.S. Funding Ltd. Liability Co.,BNP Paribas Lease Group,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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