|
|
 |
|
Viewing report
|
|
|
|
Bank Industry Risk Analysis: Latvia (Republic of) Dec 04
Standard & Poors, Dec 2004
Abstract
The creditworthiness of the Latvian banking system is constrained by: Rapid credit growth; Reliance on nonresident deposits; Low prosperity; and An economy sensitive to external shocks, although resilience has increased. Offsetting these weaknesses are the following strengths: Improved banking sector credit fundamentals; Benevolent economic environment; Significant financial sector legislative reform; and Improving supervision. Since the Russian default of 1998, which resulted in a small rumbling of insolvency and the licence revocation of two banks, the licence suspension of the third-largest bank in the Republic of Latvia (A-/Stable/A-2), and overall commercial banking sector losses that year, the economic and industry risks of the Latvian banking sector have diminished sharply as a result of an improving macroeconomic, regulatory, and supervisory climate, driven...
Companies mentioned in this report are: Skandinaviska Enskilda Banken AB,Russian Federation,Latvia (Republic of)
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.
|
|
|
|
