Industry Report Card: Latin American Banks' Financial Performance Remained Adequate Amid Favorable Regional Economy Jun 13
- Language: English
- Published: June 2013
- Region: America (exc North)
Standard & Poor's Ratings Services' ratings on Banco HSBC Salvadore-o reflect its "adequate" (as our criteria define it) business position, capital and earnings, risk position, and liquidity, and "average" funding. They also reflect its status as a moderately strategic subsidiary of London-based HSBC Holdings PLC (AA-/Stable/A-1+). Banco HSBC Salvadore-o operates in the same business lines as its parent, it's closely linked to the parent's reputation, and its performance is in line with the group's expectation. Our bank criteria use the Bank Industry Country Risk Assessment (BICRA) economic and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating. Our anchor for a commercial bank operating only in El Salvador is 'bb'. Our economic...
Companies mentioned in this report are: Banco HSBC Salvadoreno S.A.
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
SHOW LESS READ MORE >
Banco HSBC Salvadoreno S.A.