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ARCHIVE | Criteria | Corporates | General: Analytical Approach To Rating Financial-Industrial Groups Jun 98
Standard & Poors, June 1998
Abstract
The complex web of relationships behind FIGs and their poor level of transparency create significant problems from the perspective of credit analysis and credit rating. Credit assessment of a FIG group company obviously must include a stand-alone assessment of the rated company, involving standard tools such as industry analysis, competitive assessment, and financial analysis. However, in many, cases it is not possible, or realistic, to assess the credit standing of FIG companies simply from a stand-alone perspective. Membership in a FIG can have positive, negative, or neutral impacts on the credit quality of individual FIG companies. These issues must be explored on a case-by-case basis in management meetings with the rated issuer-and, if necessary, with their owners or other relevant...
Companies mentioned in this report are: Rossiyskiy Kredit Bank,Inkombank (AB)
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.
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