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Belgium Banking Industry Country Risk Assessment Changed To Group 2 From 1 On Mounting Competitive Pressures Jan 09
Standard & Poors, Jan 2009
Abstract
PARIS (Standard & Poor's) Jan. 23, 2009--Standard & Poor's Ratings Services said today that it has changed its Banking Industry Country Risk Assessment (BICRA) on the Kingdom of Belgium (AA+/Stable/A-1+) to Group 2 from Group 1. Our BICRA rankings evaluate the strengths and weaknesses of a country's banking system compared with those of other countries on a scale from Group 1 (strongest) to Group 10 (weakest). Banking systems in the same group as Belgium include U.K., the U.S., Germany, Italy, Spain, and Ireland. The change in the BICRA for Belgium reflects deterioration of the country's banking industry. In contrast, we recently changed the BICRAs on the U.K., Ireland, and Spain to Group 2 from Group 1 because of increased economic...
Companies mentioned in this report are: ING Belgium S.A./N.V.,Fortis Bank S.A./N.V.,KBC Bank N.V.,Dexia Bank S.A.,KBC Group N.V.,Argenta Spaarbank N.V.,AXA Bank Europe S.A.
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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