|
|
 |
|
Viewing report
|
|
|
|
Bumiputra-Commerce Holdings Bhd. Dec 08
Standard & Poors, Dec 2008
Abstract
Strong market position in Malaysia with operating companies encompassing the entire range of financial services Increasingly diversified business and earnings profiles featuring greater geographic diversification Modest, but improving, asset quality Downward pressure on capitalization from regional expansion 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 ratings also reflect the application of Standard & Poor's Ratings Services' group and holding companies methodologies, and the individual credit profiles of BCHB's core operating subsidiaries, in particular CIMB Bank Bhd. (BBB+/Stable/A-2) and CIMB Investment Bank Bhd. (CIMBIB; BBB/Stable/A-2). Due to intense domestic competition, the group is expanding regionally, particularly in Indonesia and Thailand, to improve its geographic...
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
|
|
|
|
