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Bank Industry Risk Analysis: Lithuania (Republic of) Jan 05
Standard & Poors, Jan 2005
Abstract
(Editor's note: Subsequent to the publication of this commentary article, on Feb. 1, 2005, Standard & Poor's Ratings Services revised its outlook on the Republic of Lithuania to positive from stable.) The creditworthiness of the Lithuanian banking system is constrained by: Rapid credit growth; Low prosperity; Slow recovery from systemic setbacks in the 1990s; and An economy sensitive to external shocks, although resilience is hardening. Offsetting these weaknesses are: Improving commercial and financial profiles; Benefits associated with EU accession requirements; A sound macroeconomic climate; Better supervision and regulation; and Completed privatization. The banking system in the Republic of Lithuania (local and foreign currency ratings A-/Stable/A-2) is characterized by greater stability and improving creditworthiness. The economic and industry risks of the...
Companies mentioned in this report are: Norddeutsche Landesbank Girozentrale (Unsolicited Ratings),Skandinaviska Enskilda Banken AB,Swedbank AB,Republic of Lithuania,Vilniaus Bankas
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.
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