S&P To Assess Impact Of Recently Announced Bank Rating Actions On U.S. Public Finance Ratings Dec 11
Standard & Poors, December 2011
Abstract
NEW YORK (Standard & Poor's) Dec. 14, 2011-Since Nov. 29, Standard & Poor's Ratings Services has announced a number of rating changes as a result of applying its new rating criteria for banks (see "Banks: Rating Methodology And Assumptions," published Nov. 9, 2011). Several press releases have detailed the impact of the new criteria on bank ratings both globally and regionally (see links to noteworthy releases below). Additionally, there have been subsequent rating actions on several large European bank groups (see "Standard & Poor?s Places Several Large Bank Groups Across The Eurozone On CreditWatch Negative," published Dec. 7, 2011). Many of the affected banks provide various forms of credit and liquidity enhancement (letters of credit, standby bond purchase agreements, investment...
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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