Research Update: DBS Bank Ltd. And DBS Bank (Hong Kong) Ltd. 'AA-/A-1+' Ratings Affirmed On Bank Criteria Change; Hybrids Downgraded Dec 11
- Language: English
- Published: December 2011
- Region: Hong Kong
Following a review of Seven Bank Ltd. under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our long- and short-term counterparty credit ratings on the bank at 'AA-/A-1+'. The outlook on the long-term rating is negative. Our ratings on Seven Bank reflect our 'a-' anchor stand-alone credit profile for a bank with a majority of its operations in Japan, its moderate business position, very strong capital and earnings, adequate risk position, average funding, and strong liquidity. We apply our corporate group methodology in analyzing Seven Bank's position within the Seven & I group. The ratings on the bank are equivalent to those on Seven & I Holdings Co. Ltd. (AA-/Stable/--), based on our view...
Companies mentioned in this report are: Seven Bank Ltd.
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Product Type: Research Update
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