|
|
 |
|
Viewing report
|
|
|
|
A Decade After The Crisis, Russia's Banks Are Healthier, But Still Susceptible To Shock Sep 08
Standard & Poors, Sep 2008
Abstract
One of the biggest victims of Russia's 1998 financial crisis was the banking system. To its credit, the sector has recovered strongly in the 10 years since then. But what is its prognosis now? Cautiously good, but with some reservations. (Listen to the related podcast titled, 'Russia's Banks Are Healthier, But Still Susceptible To Shock,' dated Sept. 15, 2008.) The recovery is reflected in the rise over the decade in the average rating on Russian banks from 'CCC' to 'B+'--still among the lowest in the world. Standard & Poor's Ratings Services' Banking Industry Country Risk Assessment (BICRA) for The Russian Federation (foreign currency BBB+/Positive/A-2; local currency A-/Positive/A-2) is another healthy sign: We've raised it twice in the past two years,...
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.
|
|
|
|
