Ratings Assigned to FirstCaribbean International Bank Ltd. Oct 02

Standard & Poors, October 2002

Abstract
NEW YORK (Standard & Poor's) Oct. 14, 2002--Standard & Poor's Ratings Services said today that it assigned its single-'A'-minus long-term and 'A-2' short-term counterparty credit and CD ratings to FirstCaribbean International Bank Ltd. (FirstCaribbean). The outlook is stable. The ratings on FirstCaribbean are underpinned by its regional infrastructure, diversification, and strong market share in the Caribbean; the track record posted by its predecessor institutions; and its solid financial condition. FirstCaribbean's financial flexibility, including its highly liquid balance sheet and good opportunities to access international markets, also supports the ratings. The ratings also consider the operating support received from both U.K.-based Barclays Bank PLC (AA/Stable/A-1+) and Canadian Imperial Bank of Commerce (A+/Stable/A-1), FirstCaribbean's main shareholders. These factors are balanced by the...

Companies mentioned in this report are:
- FirstCaribbean International Bank Limited
- Barclays Bank PLC
- Canadian Imperial Bank of Commerce

Action: New Rating

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.

- FirstCaribbean International Bank Limited
- Barclays Bank PLC
- Canadian Imperial Bank of Commerce

Customers who bought this item also bought

• Canada Defence and Security Report Q1 2013
• Canada Defence and Security Report Q2 2012
• Canada Defence and Security Report Q4 2012
• Canada Defence and Security Report Q1 2012
• IntelliNews - Bosnia and Herzegovina Country Report - Issue 3, 2013
• Canada Defence and Security Report Q3 2011
• Commercial And Military Flight Simulation - Global Strategic Business Report
• The Canada Defense Industry - Competitive Landscape and Strategic Insights to 2017: Market Profile
• eLEARNING - Global Strategic Business Report
• Canada Defence and Security Report Q3 2012