|
|
 |
|
Viewing report
|
|
|
|
Austria-Based Erste Bank Assigned 'A' L-T Rating; 'A-1' S-T Rating Affirmed Dec 06
Standard & Poors, Dec 2006
Abstract
FRANKFURT (Standard & Poor's) Dec. 5, 2006--Standard & Poor's Ratings Services assigned its 'A' long-term counterparty credit rating to Austria-based Erste Bank der oesterreichischen Sparkassen AG (Erste Bank). The outlook is stable. At the same time, the short-term 'A-1' rating was affirmed. 'The ratings on Erste Bank are based on the group's prominent market position in Austria and several countries in Central and Eastern Europe (CEE), and the continued profitability improvements in large parts of the group,' said Standard & Poor's credit analyst Bernd Ackermann. It also reflects Standard & Poor's view of Erste Bank and the Austrian savings banks as a single economic group. These positive factors are partially offset by modest capital levels as a result of Erste...
Companies mentioned in this report are: Erste Group Bank AG
Action: Affirmed
Action: New Rating
Action: Outlook: Positive
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
|
|
|
|
