Slovenska Sporitelna a.s. Sep 08
Standard & Poors, September 2008
Abstract
Strong support from its strategic shareholder Solid franchise with a dominant market position Good funding and liquidity position Sound profitability Still relatively risky operating environment Above-average credit risk with increasing exposure to SME lending The public information ('pi' unsolicited) rating on Slovak Republic-based Slovenska Sporitelna a.s. (SLSP) reflects its strategically important status for its majority owner Austria-based Erste Bank der Oesterreichischen Sparkassen AG (Erste Bank; A/Stable/A-1), its solid domestic franchise with a dominant market position, good funding and liquidity position, and sound profitability. The ratings are constrained by the still relatively risky operating environment in the Slovak Republic (foreign currency A/Positive/A-1, local currency A/Positive/A-1) and the bank's above-average credit risk with increasing exposure to small and midsize enterprise (SME) lending....
Companies mentioned in this report are:
- Slovenska Sporitelna A.S. (Unsolicited Ratings)
- Banca Comerciala Romana
- Ceska Sporitelna A.S.
- Erste Group Bank AG
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
- Slovenska Sporitelna A.S. (Unsolicited Ratings)
- Banca Comerciala Romana
- Ceska Sporitelna A.S.
- Erste Group Bank AG
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