|
|
 |
|
Viewing report
|
|
|
|
BNP Paribas (China) Ltd. Assigned 'A+/A-1' Ratings; Outlook Stable Sep 08
Standard & Poors, Sep 2008
Abstract
HONG KONG (Standard & Poor's) Sept. 16, 2008-- Standard & Poor's Ratings Services said today that it had assigned its 'A+' long-term and 'A-1' short-term counterparty credit ratings to BNP Paribas (China) Ltd. (BNP (China)). The outlook is stable. 'The ratings reflect the bank's status as a core subsidiary of BNP Paribas [BNP; AA+/Stable/A-1+]. On a standalone basis, the ratings reflect BNP (China)'s good asset quality and solid capitalization. These strengths are underpinned by the benefits the bank receives from its parent in terms of senior personnel, risk management, and a strong franchise in corporate and investment banking,' said Standard & Poor's credit analyst Terry Sham. These strengths are balanced by the bank's heavy reliance on non-core deposit funding and...
Companies mentioned in this report are: BNP Paribas (China) Ltd.,BNP Paribas,China (People's Republic of)
Action: New Rating
Action: Outlook: Stable
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
