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BICRA On Belgium Maintained At Group '2' Jan 12
Standard & Poors, Jan 2012
Abstract
OVERVIEW Standard & Poor's affirmed its 'AA' unsolicited long-term sovereign credit rating on the Kingdom of Belgium and removed it from CreditWatch with negative implications on Jan. 13, 2012. We are maintaining our Banking Industry Country Risk Assessment (BICRA) on Belgium at group '2'. We are revising our economic risk score to '2' from '1' and maintaining our industry risk score of '3'. BICRA ACTION On Jan. 24, 2012, Standard & Poor's Ratings Services said that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on the Kingdom of Belgium at group '2'. It is also revising the economic risk score to '2' from '1' and maintaining the industry risk score of '3'. RATIONALE The revision of the economic...
Companies mentioned in this report are: ING Belgium S.A./N.V.,Fortis Bank S.A./N.V.,Kredietbank N.V.,Dexia Banque Belgique,CERA Bank,Banque Nationale de Belgique,KBC Bank N.V.,Dexia Bank S.A.,Euroclear Bank S.A.,Argenta Spaarbank N.V.,AXA Bank Europe S.A.,The Bank of New York Mellon S.A./N.V.
Action: General Comment
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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