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Banking Industry Country Risk Assessment On Bulgaria To Group 7; Croatia Stays In Group 6, Romania In Group 7 Feb 09
Standard & Poors, Feb 2009
Abstract
FRANKFURT (Standard & Poor's) Feb. 11, 2009--Standard & Poor's Ratings Services said today it revised its Banking Industry Country Risk Assessment (BICRA) on the Republic of Bulgaria (foreign and local currency BBB/Negative/A-3) to Group 7 from Group 6, following a review of South Eastern European (SEE) banking systems. The BICRA on the Republic of Croatia (foreign currency BBB/Negative/A-3; local currency BBB+/Negative/A-2) remains in Group 6 and that on Romania (foreign currency BB+/Negative/B; local currency BBB-/Negative/A-3) in Group 7. Standard & Poor's estimates the incidence of gross problematic assets (GPAs) in the financial systems of all three countries to be 25%-40%. Our BICRAs evaluate the strengths and weaknesses of a country's banking system, compared with those of other countries, on a...
Companies mentioned in this report are: Romania,Croatia (Republic of),Zagrebacka banka dd,Bulgaria (Republic of),UniCredit Bulbank AD,United Bulgarian Bank AD,Municipal Bank A.D.,MKB Romexterra Bank S.A.
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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