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Viewing report
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BNP Paribas Feb 11
Standard & Poors, Feb 2011
Abstract
Strong and highly diversified business profile. Diversified earnings stream and good cost management. Solid positions in core markets. Stable and professional management team. Moderate risk appetite and strong risk culture. Large international balance sheet and loan book that entails significant credit and counterparty risk exposure. Large capital market activities. Only average capital position The ratings on French banking group BNP Paribas reflect Standard & Poor's Ratings Services' opinion of its strong and highly diversified business profile, sound financial position, good management, and moderate risk appetite. The ratings are constrained by the group's large credit portfolio and sizable capital market operations that, in our view, leave it exposed to the uncertain economic environment and market volatility, and by its capital position,...
Companies mentioned in this report are: BNP Paribas,BancWest Corp.,Fortis Bank S.A./N.V.,First Hawaiian Bank,Bank of the West,BNP Paribas Personal Finance,BGL BNP Paribas S.A.,Cardif Assurance Vie,First Hawaiian Capital I,Findomestic Banca SpA,Banca Nazionale del Lavoro SpA,BNP Paribas Cardif,Cardif-Assurances Risques Divers,BNP Paribas (China) Ltd.,BNP PARIBAS ZAO
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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