Solid revenue-generating capability derived from its good market position. Technical and human resources provided by the HSBC group and its expected financial support if needed. Supportive capitalization, funding and liquidity profile. Potentially volatile operating environment. Credit risk concentration in the corporate portfolio. Limited diversification outside the corporate segment. The ratings on Saudi Arabia-based The Saudi British Bank (SABB) reflect its solid revenue-generating capability derived from its good market position, technical and human resources provided by the HSBC group and its expected financial support for SABB if needed, supportive capitalization, funding, and liquidity profile. The long-term rating on SABB benefits from a one-notch uplift from its stand-alone credit profile (SACP) to reflect Standard & Poor's Ratings Services' expectation of the likelihood...
Companies mentioned in this report are:
- The Saudi British Bank
- HSBC Bank PLC
- HSBC Holdings PLC
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