TSB Bank Ltd. Dec 11

  • ID: 2034749
  • December 2011
  • Standard & Poors

Very strong risk-adjusted capital ratio and earnings capacity to cover normalised losses Highly-liquid balance sheet relative to industry Plain vanilla products and services offered commensurate with enterprise risk management Geographically concentrated business profile in the Taranaki region of New Zealand Strategy to broaden market position may increase prospect of higher credit losses Deposit base is susceptible to competitive pressures from major banks, despite strong funding ratios Our ratings on TSB reflect the anchor stand-alone credit profile (SACP) for a bank operating only in New Zealand; plus TSB's "moderate" business position, "very strong" capital and earnings, "moderate" risk position, "average" funding, and "strong" liquidity. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor...

Companies mentioned in this report are: TSB Bank Ltd.
Action: Affirmed

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

Note: Product cover images may vary from those shown

TSB Bank Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown


  • Quick Help: This Credit Rating Report will be emailed to you.


If you have a more general question about our products please try our



Our Clients

  • Fluidigm Corporation
  • Apple, Inc.
  • CEVA Santé Animale
  • Abbott Laboratories Ltd.
  • Merck Group
  • Allergan Inc.
  • Pfizer, Inc.