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BancWest Corp. Outlook Revised To Positive Nov 06
Standard & Poors, Nov 2006
Abstract
NEW YORK (Standard & Poor's) Nov. 15, 2006--Standard & Poor's Ratings Services said today that it revised its outlook on BancWest Corp. (BancWest; A+/A-1) to positive from stable, reflecting the change in the outlook on its parent, BNP Paribas (AA/Positive/A-1+). 'As a strategically important subsidiary of BNP Paribas, the ratings on BancWest incorporate the company's stand-alone financial performance and support from BNP Paribas,' said Standard & Poor's credit analyst Victoria Wagner. The stand-alone assessment of BancWest is based on the company's consistent earnings, increasingly diversified loan portfolio, and stable and improved asset quality. Offsetting the benefits of these strengths, BancWest's tangible capital levels are very weak relative to those of other regional banks, and its acquisition strategy introduces a higher...
Companies mentioned in this report are: BancWest Corp.,BNP Paribas
Action: Outlook: Positive
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.
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