|
|
 |
|
Viewing report
|
|
|
|
Bank of Ayudhya Public Co. Ltd. Feb 12
Standard & Poors, Feb 2012
Abstract
Adequate business franchise as Thailand's fifth-largest commercial bank Expected government support due to bank's systemic importance High exposure to high-risk segments Moderate capitalization on a risk adjusted basis 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...
Companies mentioned in this report are: Bank of Ayudhya Public Co. Ltd.
Action: Review
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: Full Analysis
|
|
|
|
