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BICRA On Singapore Maintained At Group '2' Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW We are reviewing our Banking Industry Country Risk Assessment on Singapore after having published our updated methodology. We are maintaining our BICRA on Singapore at group '2'. We are also revising our economic risk score to '3' from '2', and assigning an industry risk score of '2'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services maintained its Banking Industry Country Risk Assessment (BICRA) on Singapore at group '2'. It has also revised the economic risk score to '3' from '2'. In addition, it has assigned an industry risk score of '2'. RATIONALE We have reviewed the banking sector of the Republic of Singapore (AAA/Stable/A-1+ unsolicited ratings) under our updated BICRA methodology. Our criteria define the BICRA...
Companies mentioned in this report are: Singapore (Republic of) (Unsolicited Ratings),DBS Bank Ltd.,Sanwa Singapore Ltd.,Keppel TatLee Bank Ltd.,United Overseas Bank Ltd.,Tat Lee Bank Ltd.,Overseas Union Bank Ltd.,Oversea-Chinese Banking Corp. Ltd.,Arab Bank PLC (Singapore),Lehman Brothers PTE Ltd.
Action: S&P Event
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.
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