|
|
 |
|
Viewing report
|
|
|
|
Bank Industry Risk Analysis: Singapore Jan 99
Standard & Poors, Jan 1999
Abstract
Standard & Poor's considers Singapore's banking system to be among the least risky in Asia, with domestic Singapore banks remaining among the most profitable and strongest capitalized. The system's medium-term outlook is stable, underpinned by The Monetary Authority of Singapore's (MAS) proactive role in overseeing the industry and government incentives to promote Singapore as a major financial center. Nonetheless, further asset quality deterioration will result in Singapore banks recording lower system profitability and weakened capitalization in 1998 and 1999. Industry sensitivities include the ongoing performance of the Singapore (Republic of) property market and the banks' weakened risk profiles associated with regional expansion. Despite a negative short-term profit outlook stemming from continued margin pressure and increased competition, the medium-term profit outlook...
Companies mentioned in this report are: The Hongkong and Shanghai Banking Corp. Ltd.,Singapore (Republic of) (Unsolicited Ratings),DBS Bank Ltd.,Standard Chartered Bank,Keppel TatLee Bank Ltd.,United Overseas Bank Ltd.,Tat Lee Bank Ltd.,Overseas Union Bank Ltd.,Oversea-Chinese Banking Corp. Ltd.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
|
|
|
|
