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Bank Industry Risk Analysis: Chile (Republic of) Feb 03
Standard & Poors, Feb 2003
Abstract
The Chilean banking system is the strongest in Latin America. This assessment is based on the banks' rigorous supervision, good capitalization, increasing sophistication, and history of systemic support. Chile's relatively developed domestic capital markets and growing sources of domestic funding, including traditionally stable deposits, also bolster the system. Yet, despite these positive factors, the system is under certain pressure from deteriorating, but acceptable, asset quality, a result of a slow economy in past years and the more recent worsening of the exposure to the country's neighbors that are under stress. The lingering effects of the 'deuda subordinada' (remnant claims on banks' profits from the 1980s banking crisis) have diminished significantly in the past years, reducing the pressure to upstream banks'...
Companies mentioned in this report are: HSBC Bank USA N.A.,Banco Santander S.A.,Chile (Republic of),Banco del Estado de Chile,Banco Santander-Chile,Banco de Chile,Banco Santander-Chile S.A.,Banco Bilbao Vizcaya Argentaria S.A.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
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