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Viewing report
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Bank Austria Creditanstalt AG Jul 08
Standard & Poors, July 2008
Abstract
Core member of the UniCredit group Leading institution and sound franchise in Austria Diversified network in Central and Eastern Europe (CEE) Steadily improving financial profile Highly competitive and saturated Austrian home market, with moderate profit margins below the UniCredit group average Increased economic risk from market turbulence and current account and/or budget deficits in some CEE countries Latent credit risk from domestic concentration and rapid credit growth in untested CEE markets Growing margin pressure in CEE countries The counterparty credit ratings on Bank Austria Creditanstalt AG (BA) reflect its group status as a core subsidiary of its 99.99% owner, UniCredit SpA (A+/Stable/A-1), due to the strategically important role it plays to further develop business in the fast-growing CEE region and,...
Companies mentioned in this report are: UniCredit Bank Austria AG,UniCredit SpA,MedioCredito Centrale SpA,Zagrebacka banka dd,Bank Polska Kasa Opieki S.A.,UniCredit Bank AG,UniCredit Bulbank AD,UniCredit Leasing SpA,ZAO UniCredit Bank,ATF Bank,Unicredit Luxembourg S.A.,UniCredit Corporate Banking SpA,Unicredit Banca per la Casa SpA,UniCredit CAIB AG
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
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