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Bank Industry Risk Analysis: New Zealand Sep 00
Standard & Poors, Sep 2000
Abstract
Although absolute nonperforming asset levels are at an all time low, there are signs that the bottom has been reached and there is likely to be some cyclical weakening. A less-robust domestic economic climate appears likely to hurt the asset quality of New Zealand's banks in the medium term. The absolute level of gross problematic assets (GPAs) in the system is increasing, although asset-quality ratios have been stable at relatively low levels. Gross private-sector debt levels are high, having increased to 159% of gross domestic product (GDP) in 1999, from 122% in 1995. Concern over the high gross private-sector debt levels is currently mitigated by historically low domestic interest rates and solid employment growth. Another continuing concern is the low...
Companies mentioned in this report are: National Australia Bank Ltd.,The Royal Bank of Scotland N.V.,Australia and New Zealand Banking Group Ltd.,BNP Paribas,Commonwealth Bank of Australia,Bank of New Zealand,ASB Bank Ltd.,National Bank of New Zealand Ltd. (The),ANZ National Bank Ltd.,Bank of Tokyo-Mitsubishi (Australia) Ltd.,AMP Bank Ltd.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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