Summary: Bank of Ayudhya Public Co. Ltd. Feb 12
- ID: 2052977
- February 2012
- Standard & Poors
Standard & Poor's Ratings Services bases its ratings on Bank of Ayudhya Public Co. Ltd. (BAY) on the bank's "adequate" business position, "moderate" capital and earnings, "adequate" risk position, "average" funding, "adequate" liquidity, and our expectation of extraordinary government support, as defined under our criteria. The stand-alone credit profile (SACP) is 'bb+'. Our bank criteria use the BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating (ICR). The anchor for a bank operating only in Thailand is 'bbb-'. The BICRA score is based on our evaluation of economic risk. We factor in Thailand's relatively low income levels and dependence on exports, which makes the country vulnerable to adverse...
Companies mentioned in this report are: Bank of Ayudhya Public Co. Ltd.
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