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77 Bank Ltd. Dec 11
Standard & Poors, Dec 2011
Abstract
Strong liquidity and stable funding base, backed by its strong deposit base, which is well diversified. Stable business franchise in its home market of Miyagi Prefecture Lower profitability than the regional bank average Standard & Poor's bases its ratings on 77 Bank on the bank's 'adequate' business position, 'adequate' capital and earnings, 'adequate' risk position, 'average' funding, 'strong' liquidity, as well as our view of a 'moderately high' likelihood of extraordinary government support for the bank in a time of need. The bank's SACP is 'a-'. Our bank criteria use our Banking Industry Country Rating Assessment (BICRA) economic risk and industry risk scores to determine a bank's anchor SACP, the starting point in assigning ICR. Our anchor SACP for a...
Companies mentioned in this report are: 77 Bank Ltd.
Action: Review
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: Full Analysis
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