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Mediobanca SpA May 02 Product Image

Mediobanca SpA May 02

  • ID: 1872271
  • May 2002
  • Standard & Poors

Abstract
The ratings on Mediobanca SpA reflect the Italian bank's sound business and financial profiles--the latter being enhanced by outstanding capitalization--and the bank's strongly risk-averse culture. Mediobanca benefits from a strong domestic franchise in the Italian market, where its core businesses include lending, investment banking, and direct equity investments. Despite Mediobanca's wholesale nature, the diversity of operations contributes to the stability of its business position and revenue base. The creditworthiness of Mediobanca is enhanced by the bank's exceptional capital strength. The group's equity base, which exceeded €4.9 billion at year-end 2001 (regulatory Tier 1 ratio of 19% at the same date), provides ample room to absorb the risks inherent in its credit and investment-banking operations. Capital is also fundamental in providing...

Companies mentioned in this report are:
- Mediobanca SpA
- Mediobanca International (Luxembourg) S.A.

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

- Mediobanca SpA
- Mediobanca International (Luxembourg) S.A.

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