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Bank of North Dakota Aug 11
Standard & Poors, Aug 2011
Abstract
Ownership by North Dakota Excellent capital Strong asset quality Concentration in North Dakota Large indirect exposure to agriculture A risk profile subject to shifting political conditions Limited capital flexibility Standard & Poor's Ratings Services' 'A+/Stable/A-1' rating on Bank of North Dakota (BND) reflects its ownership by the state of North Dakota, its excellent capital, and strong asset quality. The bank's concentration in North Dakota, its indirect exposure to agriculture, limited capital flexibility, and risks related to the changing political environment constrain the ratings. The rating includes a one-notch lift from the company's 'A' stand-alone credit profile (SACP), based on the application of our criteria for government-related entities (GREs). In our opinion, there is a high likelihood that North Dakota would...
Companies mentioned in this report are: Bank of North Dakota
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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