|
|
 |
|
Viewing report
|
|
|
|
Bumiputra-Commerce Holdings Bhd. Dec 07
Standard & Poors, Dec 2007
Abstract
Strong market position in Malaysia with operating companies encompassing the entire range of financial services. Expected improvement in profitability stemming from stronger consumer banking business. Low capitalization. Modest, but improving, asset quality. The ratings on Bumiputra-Commerce Holdings Bhd. (BCHB) reflect the well-diversified financial profile of the group's operating entities and the bank's established franchise in Malaysia. The group has reasonable geographic diversity with financial operations in the region, particularly in Indonesia and Singapore. The ratings also reflect the application of Standard & Poor's group methodology, the holding companies methodology, and the individual credit profiles of the holding company's core operating subsidiaries, in particular CIMB Bank Bhd. (BBB+/Stable/A-2) and CIMB Investment Bank Bhd. (CIMBIB; BBB/Stable/A-2). BCHB is listed on Bursa Malaysia,...
Companies mentioned in this report are: CIMB Group Holding Bhd.,CIMB Bank Bhd.,CIMB Investment Bank Bhd.,Bank of Tokyo-Mitsubishi UFJ 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
|
|
|
|
