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Associated Banc Corp. Jan 12
Standard & Poors, Jan 2012
Abstract
Management has made good progress in removing bad assets Improving credit quality, though potential problem loans are still high Strong capital Regional concentration High level of nonperforming assets Standard & Poor's Ratings Services' stable outlook on Associated Banc Corp. (ASBC) reflects its view that ASBC's declining credit costs will translate into a further improvement in the company's earnings performance and that management will continue to maintain strong capital levels going forward. If economic challenges in the company's core markets intensify and NPAs, including past-due and restructured loans, climb above 5%, or if Standard & Poor's RAC ratio declines and remains less than 10%, we could lower the rating. We could take positive rating actions if, for example, ASBC's financial performance...
Companies mentioned in this report are: Associated Banc Corp.,Associated Bank N.A.,ASBC Capital I
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
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