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Bankers Trust Corp.,Units Rtgs Placed on S&PWatch Neg Sep 98
Standard & Poors, Sep 1998
Abstract
NY -- Standard & Poor's CreditWire 9/2/98 -- Standard & Poor's today placed its ratings of Bankers Trust Corp. and units on CreditWatch with negative implications. Standard & Poor's affirmed its `A-1' short-term counterparty credit ratings of selected operating bank subsidiaries (see list). These ratings are not placed on CreditWatch. The CreditWatch placement is in light of turbulence in emerging markets and weakness in other high-risk markets upon which the bank is dependent for a substantial portion of its earnings. Recently announced trading losses related to Russian exposure are one-time hits that are not in themselves material to the long-term health of the bank. However, the emerging markets continue to deteriorate. BT continues to have significant credit exposure in those...
Companies mentioned in this report are: Deutsche Bank Trust Corp.,Deutsche Bank Trust Company Americas,BT Alex. Brown Inc.,Deutsche Bank National Trust Company,Deutsche Bank Trust Company Delaware,Bankers Trust New Zealand Ltd.,Bankers Trust Australia Ltd.,BT Overseas Finance N.V.,Rhine Re Insurance Ltd.,BT Securities Ltd.,Bankers Trust International PLC,BT Institutional Capital A,BT Capital Trust A,BTAB Holdings Funding Corp.
Action: On CreditWatch:Negative
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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