CIMB Group Holding Bhd. Dec 10
Standard & Poors, December 2010
Abstract
Strong market position in Malaysia Diversified and improving business and earnings profiles Below average, but improving, asset quality Heightened credit and operational risks from expansion into high-growth economies The ratings on CIMB Group Holding Bhd. (CIMBG) 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' methodologies for group and holding companies and the individual credit profiles of CIMBG's core-- CIMB Bank Bhd. (BBB+/Stable/A-2), CIMB Investment Bank Bhd. (CIMBIB; BBB/Stable/A-2)--and strategically important-- PT Bank CIMB Niaga Tbk. (BB/Stable/B)--operating subsidiaries. CIMB Bank is the group's single largest constituent, accounting for 75% of the group's asset base and 69% of profit before tax...
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
CIMB Group Holding Bhd.,CIMB Bank Bhd.,CIMB Investment Bank Bhd.
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