|
|
 |
|
Viewing report
|
|
|
|
Bank Industry Risk Analysis: United Kingdom Jun 02
Standard & Poors, June 2002
Abstract
The U.K. banking system continues to be among the most profitable in the world, with diverse revenue sources and consistently excellent cost efficiency, accompanied by good asset quality indicators in recent years. The satisfactory outlook for bank asset quality reflects the comparatively healthy state of the U.K. economy and the relatively low exposure to recent headline global credit losses. U.K. banks remain predominantly focused on their domestic market and the financial well being of the U.K. consumer is the key consideration for the future health of the U.K. banking system. Although consumer debt and house price inflation has been boosted by historically low interest rates, Standard & Poor's expects that income leverage will not balloon out of control. If U.K....
Companies mentioned in this report are: HSBC Bank PLC,National Australia Bank Ltd.,National Westminster Bank PLC,Bank of Scotland PLC,The Royal Bank of Scotland PLC,Barclays Bank PLC,United Kingdom (Unsolicited Ratings),Lloyds TSB Bank PLC,Alliance & Leicester PLC,Banco Santander S.A.,The Royal Bank of Scotland Group PLC,Scottish Mutual Assurance Ltd.,Bradford & Bingley PLC,Northern Rock (Asset Management) PLC,HSBC Holdings PLC,RL LA Ltd.,Clerical Medical Investment Group Ltd.,Standard Chartered PLC,HBOS 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: 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.
|
|
|
|
