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Bank of India Jan 12
Standard & Poors, Jan 2012
Abstract
Strong position in the domestic market and good geographic diversification Strong liquidity profile Moderate capitalization Earnings pressure in recent years Standard & Poor's Ratings Services bases its ratings on Bank of India (BOI) on the bank's 'bbb-' anchor, 'strong' business position, 'moderate' capital and earnings, 'adequate' risk position, 'average' funding, 'strong' liquidity, and expectations of extraordinary government support, as our criteria define those terms. The stand-alone credit profile (SACP) is 'bbb-'. Our bank criteria use our BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning a counterparty credit rating. Our anchor for a commercial bank operating only in India is 'bbb-'. The BICRA score is based on our evaluation of economic risk:...
Companies mentioned in this report are: Bank of India,Bank of India (New Zealand) Ltd.
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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