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BICRA On Israel Maintained At Group '4' Nov 11
Standard & Poors, Nov 2011
Abstract
OVERVIEW We are reviewing our Banking Industry Country Risk Assessment (BICRA) on Israel in light of our updated methodology. We are maintaining our BICRA on Israel at group '4'. We are also maintaining our economic risk score at '5', and assigning an industry risk score of '3'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Israel at group '4'. It is also maintaining the economic risk score at '5' and assigning an industry risk score of '3'. RATIONALE We have reviewed the banking sector of the State of Israel (foreign currency A+/Stable/A-1, local currency AA-/Stable/A-1+) in light of our updated BICRA methodology. Our criteria...
Companies mentioned in this report are: Israel (State of),Bank Leumi le-Israel B.M.,Israel Discount Bank Ltd.,Bank Hapoalim B.M.
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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