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BICRA On Spain Maintained At Group '4' Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW We have reviewed our Banking Industry Country Risk Assessment on the Kingdom of Spain under our updated methodology. We are maintaining our BICRA on Spain at group '4'. We are also revising our economic risk score to '5' from '4', and assigning an industry risk score of '3'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Spain at group '4'. It is also revising the economic risk score to '5' from '4' and assigning an industry risk score of '3'. RATIONALE We have reviewed the banking sector of the Kingdom of Spain (AA-/Negative/A-1+) under our updated BICRA methodology. Our criteria define the BICRA framework...
Companies mentioned in this report are: Spain (Kingdom of),Banco Santander S.A.,Banco Espanol de Credito S.A.,Bankinter S.A.,Barclays Bank S.A.,Banco de Sabadell S.A.,Banco Popular Espanol S.A.,Caja de Ahorros y Monte de Piedad de Gipuzkoa y San Sebastian (Kutxa),Banco Bilbao Vizcaya Argentaria S.A.,Confederacion Espanola de Cajas de Ahorros,Santander Consumer Finance, S.A.,CaixaBank S.A.,Banco Financiero y de Ahorros S.A.,Bankia S.A.,Ibercaja Banco S.A.
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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