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BancWest Corp. Nov 02
Standard & Poors, Nov 2002
Abstract
The ratings on BancWest Corp. and its banking subsidiaries reflect their status as indirect wholly owned subsidiaries of BNP Paribas, and the implied financial support such status carries. BNP Paribas established 100% ownership of BancWest Corp. on Dec. 21, 2001. The ratings also reflect the fact that BancWest Corp. is viewed as a strategically important subsidiary of BNP Paribas, operating as its primary U.S.-based banking group. California-based BancWest Corp. operates with $34.3 billion of total assets as of Sept. 30, 2002, and its primary bank subsidiaries are San Francisco, Calif.-based Bank of the West and Honolulu, Hawaii-based First Hawaiian Bank. BancWest Corp.'s financial performance continues to be driven by the strength of its subsidiary banks' lending operations, as fee-based revenue...
Companies mentioned in this report are: BancWest Corp.,BNP Paribas,BNP Paribas Canada,First Hawaiian Bank,Bank of the West,Natiocredibail,Natiocredimurs,BNP Paribas Personal Finance,Cardif Assurance Vie,Pinnacle Insurance PLC,First Hawaiian Capital I,BNP U.S. Funding Ltd. Liability Co.,Natio Vie,BNP Paribas Lease Group,BancWest Capital I,Findomestic Banca SpA,Banque Marocaine pour le Commerce et l'Industrie,BNP Paribas US 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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