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Bumiputra-Commerce Holdings Bhd. Dec 06
Standard & Poors, Dec 2006
Abstract
Strong market position in Malaysia with operating companies encompassing the entire range of financial services Adequate financial flexibility Expectation of improvement in profitability Regional footprint Low capitalization levels Modest asset quality The ratings on Bumiputra-Commerce Holdings Bhd. (BCHB) reflect the shared and well-diversified financial profile of the group's operating entities, its strong market position, and 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 for holding companies and the individual credit profiles of the holding company's core operating subsidiaries, in particular CIMB Bank Bhd. (CIMB Bank) and CIMB Investment Bank Bhd. (CIMB IB). BCHB is listed...
Companies mentioned in this report are: CIMB Group Holding Bhd.,CIMB Bank Bhd.,CIMB Investment Bank Bhd.
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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