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Banking Industry Country Risk Assessment: Taiwan Dec 09
Standard & Poors, Dec 2009
Abstract
Adequate capitalization to absorb unexpected shocks to the system An ample and stable retail funding base The Taiwan government's strong commitment to maintaining system stability A middle-income economy with a moderately good growth record A fragmented industry structure and a highly competitive operating environment Weak profitability, partly due to fierce competition and a homogeneous business nature A high reliance on net interest income, which face intense competition and has a thin margin Moderately high private sector indebtedness In a global context, Standard & Poor's Ratings Services considers the Taiwan banking system to be of moderate risk. Therefore, we have given Taiwan our Group 4 Bank Industry Country Risk Assessment (BICRA) ranking. Our rankings reflect our assessment of the strengths and...
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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