• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Suncorp-Metway Ltd. Dec 02 Product Image

Suncorp-Metway Ltd. Dec 02

  • ID: 1953207
  • December 2002
  • Standard & Poors

FEATURED COMPANIES

  • GIO General Ltd.
  • Suncorp-Metway Ltd.
  • MORE

Abstract
The counterparty credit ratings on Suncorp-Metway Ltd. (SML) reflect its diversified business profile and solid market position, sound group capitalization, and good profitability. Moderating features are an increasingly competitive domestic environment and more challenging economic outlook, which will make it difficult for SML to improve its credit standing in the medium term. SML's funding profile (with a relatively high reliance on wholesale funding), the bank's geographic concentration in Queensland, and the group's relatively efficient approach to capitalization, particularly backing banking operations, also constrain the rating. The banking operations display acceptable asset quality, but have a greater proportion of higher risk commercial construction lending than its domestic peer group. Supported by its sound insurance and banking franchises, SML has a more...

Companies mentioned in this report are:
- Suncorp-Metway Ltd.
- GIO General Ltd.
- Suncorp Metway Insurance Ltd.
- Suncorp Life and Superannuation Ltd.

Action: Review

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

Note: Product cover images may vary from those shown

- Suncorp-Metway Ltd.
- GIO General Ltd.
- Suncorp Metway Insurance Ltd.
- Suncorp Life and Superannuation Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

RELATED PRODUCTS