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Bank Industry Risk Analysis: Poland (Republic of) Aug 03
Standard & Poors, Aug 2003
Abstract
The creditworthiness of the banking system in Poland (Republic of Poland: foreign currency, BBB+/Negative/A-2; local currency, A/Negative/A-1) has been pressurized over the past two years due to the prolonged weak economic environment. The outlook on the Republic of Poland was revised to negative in June 2003. The banking system is benefiting industrywide from the privatization of several large banks to strategic foreign shareholders; other foreign entrants; and the resultant bank modernization and restructuring programs. Future banking sector performance will depend on sustainable economic recovery, including the privatization and restructuring of politically sensitive industries, and other legislative and social reforms. Banking supervision is conservative and regulation continually strengthened. Within the banking sector, the key challenges to the development of a robust...
Companies mentioned in this report are: Allied Irish Banks PLC,UniCredit Bank Austria AG,ING Groep N.V.,Republic of Poland,BRE Bank S.A. (Unsolicited Ratings),Bank Handlowy w Warszawie S.A. (Unsolicited Ratings),Towarzystwo Ubezpieczen i Reasekuracji WARTA S.A.,Bank Polska Kasa Opieki S.A.,KBC Bank N.V.,UniCredit Bank AG,Powszechna Kasa Oszczednosci Bank Polski S.A. (Unsolicited Ratings),Kredyt Bank S.A. (Unsolicited Ratings),Bank Millennium Capital Group (Unsolicited Ratings),Powszechny Zaklad Ubezpieczen S.A.
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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