|
|
 |
|
Viewing report
|
|
|
|
Bank Austria Creditanstalt AG Apr 06
Standard & Poors, April 2006
Abstract
Very important member of the Unicredito group; Leading institution and sound franchise in Austria; Diversified network in Central and Eastern Europe (CEE); and Steadily improving financial profile. Highly competitive and saturated Austrian home market; Latent credit risk from domestic concentration risk and rapid credit growth in untested CEE markets; and Growing margin pressure in CEE countries. The counterparty credit ratings on Bank Austria Creditanstalt AG (BA) reflect its strategically important role it plays in CEE and Austria for its parent company, Italy-based Unicredito Italiano SpA (A+/Negative/A-1). Furthermore, since its acquisition in 2000 by Bayerische Hypo- und Vereinsbank AG (HVB; A/Negative/A-1), BA's business, financial, and risk profile has improved substantially, mainly as a result of domestic restructuring measures and profitable growth...
Companies mentioned in this report are: UniCredit Bank Austria AG,Hypovereins Finance N.V.,UniCredit Bank AG,Unicredit Luxembourg S.A.,HVB Australia Pty. Ltd.
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
|
|
|
|
