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Banca Comerciala Romana Feb 08
Standard & Poors, Feb 2008
Abstract
Strong strategic shareholder providing enhanced operational, financial, and managerial support Dominant market position and good profitability Stable retail funding base and strong liquidity Adequate, although tightening, capitalization Improving corporate governance, and strengthening organizational and operational framework Relatively high, although improving, level of classified loans Tougher competition with increasing foreign presence in the Romanian banking sector Better, but still higher-than-average, economic and industry risks in Romania The ratings on Romania-based Banca Comerciala Romana (BCR) reflect the bank's strategic importance to its parent--Erste Bank der oesterreichischen Sparkassen AG (Erste Bank; A/Stable/A-1)--and resultant parental commitment, its commanding position in the Romanian financial market, and its good liquidity and improving core profitability. The long-term counterparty credit rating includes a two-notch uplift from the bank's...
Companies mentioned in this report are: Banca Comerciala Romana,Slovenska Sporitelna A.S. (Unsolicited Ratings),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
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