BICRA On Portugal Maintained At Group '5' Nov 11
Standard & Poors, November 2011
Abstract
OVERVIEW We have reviewed our Banking Industry Country Risk Assessment on Portugal under our updated methodology. We are maintaining our BICRA on Portugal at group '5'. We are revising our economic risk score to '6' from '5' and assigning an industry risk score of '5'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Portugal at group '5'. It is also revising the economic risk score to '6' from '5' and assigning an industry risk score of '5'. RATIONALE We have reviewed the banking sector of the Republic of Portugal (BBB-/Negative/A-3) under our updated BICRA methodology. Our criteria define the BICRA framework as one "designed...
Companies mentioned in this report are:
- Portugal (Republic of)
- Banco Espirito Santo S.A.
- Caixa Geral de Depositos S.A.
- Banco Comercial Portugues S.A.
- Millennium bcp Investimento - Banco Comercial de Investimento S.A.
- Banco BPI S.A.
- Banco Portugues de Investimento S.A.
- Banco Espirito Santo de Investimento S.A.
- Santander Totta SGPS
Action: General Comment
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
- Portugal (Republic of)
- Banco Espirito Santo S.A.
- Caixa Geral de Depositos S.A.
- Banco Comercial Portugues S.A.
- Millennium bcp Investimento - Banco Comercial de Investimento S.A.
- Banco BPI S.A.
- Banco Portugues de Investimento S.A.
- Banco Espirito Santo de Investimento S.A.
- Santander Totta SGPS
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