|
|
 |
|
Viewing report
|
|
|
|
Bayerische Hypo- und Vereinsbank AG May 02
Standard & Poors, May 2002
Abstract
The ratings on Bayerische Hypo- und Vereinsbank AG (HVB) are based on the group's market position and sizable customer base in Germany, Austria, and neighboring eastern European countries; its stable and diversified funding sources; its financial flexibility; and its overall satisfactory asset quality. These factors are partly offset by modest profitability and capital levels, and still limited diversification of revenues. The ratings also reflect Standard & Poor's expectations that the integration of Bank Austria AG (BA; A/Stable/A-1) will continue as planned and that existing problems in HVB's and BA's loan portfolios have been adequately provisioned. HVB's provisioning needs continued to compare unfavorably with its peers in 2001. Furthermore, HVB's comparatively high exposures to real estate markets and the corporate sector...
Companies mentioned in this report are: UniCredit Bank AG,UniCredit Bank Austria AG,Hypovereins Finance N.V.,Westfaelische Hypothekenbank AG,Hypo Public Finance Bank,Deutsche Pfandbriefbank AG,Hypo Pfandbrief Bank International S.A.
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
|
|
|
|
