|
|
 |
|
Viewing report
|
|
|
|
Bank Industry Risk Analysis: Italy (Republic of) Mar 05
Standard & Poors, March 2005
Abstract
Banks in the Republic of Italy (AA-/Stable/A-1+) maintain a strong franchise in their domestic markets, and solid customer loyalty. They benefit from satisfactory operating performances, but remain hampered by a structurally higher credit risk profile than that of their European peers. Significant differences between the creditworthiness of the stronger and the weaker players further characterize the country's banking system. Although banks have come under scrutiny following recent cases of mis-selling, Standard & Poor's Ratings Services does not expect any material change in their business franchises in the long term. Rather, we expect discipline to improve in banks' selling procedures. Italian banks' operating performance is showing good resilience in a low-growth economic environment. We expect Italian banks' results in 2004 to...
Companies mentioned in this report are: Italy (Republic of) (Unsolicited Ratings),UniCredit SpA,Intesa Sanpaolo SpA,MedioCredito Centrale SpA,Banca Popolare dell'Emilia Romagna S.C.,Mediobanca SpA,Credito Emiliano SpA,Poste Italiane Group,Banco Popolare di Verona e Novara SCRL,Cassa Depositi e Prestiti SpA
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.
|
|
|
|
