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ARCHIVE | Criteria | Financial Institutions | General: Revised Financial Services Group Methodology Addresses Increased Willingness To Sell Underperforming Subsidiaries Apr 02
Standard & Poors, April 2002
Abstract
Over the past few years, corporate managements in the financial services sector have been taking a much harder look at the strategic viability of the businesses they are in. Executives in this sector appear more apt to cut the cord with less strategic or underperforming operations than they had been in the past. This situation indicates to Standard & Poor's that the strategic significance of subsidiaries in these groups must be reviewed diligently and that those subsidiaries that might be viewed as strategic today could be candidates for sale tomorrow. In line with this, Standard & Poor's has updated its methodology for analyzing both the implicit and explicit support embedded within Standard & Poor's ratings on the members of these...
Companies mentioned in this report are: National Australia Bank Ltd.,The Royal Bank of Scotland N.V.,Chubb Corp. ,Citigroup Inc.,Chubb Life Companies (The),Travelers Property Casualty Insurance Co.,Zurich Insurance Co. Group,Homeside Lending Inc.,SCOR Switzerland AG
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.
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