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Asian Banks Face a Tough Time in 2002 Feb 02
Standard & Poors, Feb 2002
Abstract
With Asia's economies still struggling in the aftermath of the U.S. economic slowdown, 2002 is shaping up to be a hard year for the region's banks. The dominant theme is that banks need to overcome persistent, or in some cases reemerging, asset quality problems to reposition themselves for the coming upturn. The big story from 2001 is Japan. Recently, Standard & Poor's downgraded seven major Japanese banks ( Dai-Ichi Kangyo Bank Ltd.; Fuji Bank Ltd.; Industrial Bank of Japan Ltd. of Mizuho group; Sumitomo Mitsui Banking Corp.; UFJ Bank Ltd.; Bank of Tokyo-Mitsubishi Ltd.; and Yasuda Trust & Banking Co. Ltd.), and affirmed the ratings on four others ( Mitsubishi Trust & Banking Corp., Sumitomo Trust & Banking Co. 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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