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BICRA On Portugal Maintained At Group '5' Nov 11

  • ID: 2038901
  • November 2011
  • Region: Portugal
  • Standard & Poors
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FEATURED COMPANIES

  • Banco BPI S.A.
  • Banco Espirito Santo S.A.
  • Haitong Bank S.A.
  • Portugal (Republic of)
  • Santander Totta SGPS
  • MORE

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.
- Haitong Bank S.A.
- Santander Totta SGPS

Action: General Comment

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- 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.
- Haitong Bank S.A.
- Santander Totta SGPS

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown

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