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2012 U.S. Banking Outlook: Slow Growth And Europe's Woes Paint A Dim Picture Dec 11
Standard & Poors, Dec 2011
Abstract
For banks, as for the market at large, slow economic growth is likely to be the dominant issue in the year ahead. Credible factors that can spur meaningful economic expansion in 2012 have diminished, even as the Fed has stated that the economy has been expanding moderately so far in the fourth quarter of 2011. While domestic risks may have diminished somewhat, the bigger question is how much the world economy will slow down. In this context, Standard & Poor's Ratings Services thinks 2012 will be a challenging year for the U.S. banking industry. Continued debt reduction by corporations and households, slowing trade flows, and extremely low interest rates could all add to the difficulties. Meanwhile, contagion from Europe's sovereign...
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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