The German Defense Sector - Market Opportunities and Entry Strategies, Analyses and Forecasts to 2015
- Published: July 2010
- Region: Germany
On Aug. 30, 2005, Standard & Poor's Ratings Services assigned its 'A/A-1' long-term and short-term counterparty credit ratings to VP Bank Verwaltungs- und Privat-Bank AG (VP Bank), based in the Principality of Liechtenstein (Liechtenstein). The outlook is stable. The ratings reflect the bank's solid risk and financial profile, which is characterized by sound asset quality and capital strength, and good profitability. VP Bank pursues a strict cost regime to deal with the competitive environment and tightening regulatory requirements. The ratings also take into consideration that VP Bank's market position and franchise in the area of private banking has remained modest, however, despite intensive efforts to expand its global reach in this core activity. Progress to improve earnings and increase its...
Companies mentioned in this report are: VP Bank Verwaltungs- und Privat-Bank AG
Action: New Rating
Action: Outlook: Stable
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.
SHOW LESS READ MORE >
VP Bank Verwaltungs- und Privat-Bank AG