|
|
 |
|
Viewing report
|
|
|
|
Bank Handlowy w Warszawie S.A. (Unsolicited Ratings) Dec 11
Standard & Poors, Dec 2011
Abstract
Support from Citigroup Inc., the major shareholder. Strong capital and liquidity positions. Weak risk position due to high exposure to the consumer segment. Weaker-than-peer market position due to modest business and geographic diversification. The unsolicited public information ('pi') rating on Poland-based Bank Handlowy w Warszawie S.A. (Handlowy) reflects our 'bbb-' anchor for a bank operating in Poland, as well as our view that the bank's business position and risk position are negative rating factors; its capital and earnings is a positive rating factor; while its funding and liquidity are neutral. The bank's stand-alone credit profile (SACP) is in the 'bb' category. We generally neither apply modifiers (+ or -) nor assign outlooks to 'pi' ratings. The 'pi' rating is one...
Companies mentioned in this report are: Bank Handlowy w Warszawie S.A. (Unsolicited Ratings),Citigroup Inc.
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
|
|
|
|
