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Balkan Banking Reforms Boost Credit Ratings Feb 03
Standard & Poors, Feb 2003
Abstract
LONDON (Standard & Poor's) Feb. 13, 2003--In a report on the banks in the emerging southeastern Europe region--'Improving Creditworthiness at Balkan Banks Sparks Growth Potential for International Funding'--published today, Standard & Poor's Ratings Services notes that during the past decade, banking system reforms in countries in the region-- Bulgaria, Romania, Croatia, Serbia and Montenegro, Albania, the former Yugoslav republic (FYR) of Macedonia, and Bosnia-Herzegovina--lagged behind those of their Central European cousins. Reforms have made impressive headway, however, during the latter part of the 1990s, and in the past couple of years in particular. Standard & Poor's expects that banks in the Balkan region will become much more active in the international debt markets and hence their creditworthiness will become more...
Companies mentioned in this report are: Romania,Croatia (Republic of),Bulgaria (Republic of)
Action: S&P Event
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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