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Banking Recovery for Japan and Korea Faces Bumpy Ride Dec 00
Standard & Poors, Dec 2000
Abstract
While the general trend for the North Asian banking sector is upward, the outlook is nevertheless reminiscent of a famous line from an old movie: 'Fasten your seat belts-we're in for a bumpy ride.' This was the view of three key bank analysts at Standard & Poor's in a conference call with investors. There are many similarities between conditions in the Japanese and Korean markets-the main focus of the conference-and the situation in the rest of Asia, according to Ernest Napier, a managing director in Standard & Poor's U.S. Financial Services Group. 'For the most part, the financial turmoil that struck Asia like a typhoon during the second half of 1997 is slowly becoming history,' Mr. Napier said. There are...
Companies mentioned in this report are: Japan (Unsolicited Ratings),Daiwa Bank Ltd.,Mitsubishi UFJ Securities International PLC,Korea Exchange Bank,Thailand (Kingdom of),Korea (Republic of),Shinhan Bank,Standard Chartered Bank Korea Ltd.,Shinhan Bank,Kookmin Bank,SeoulBank,Hyundai Motor Co.,Woori Bank,Mizuho Finance (Cayman) Ltd.,Chuo Mitsui 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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