Research Update: Thailand's Siam Commercial Bank 'BBB+/A-2' Rating Affirmed On Revised Criteria; Outlook Is Stable Dec 11

  • ID: 2091097
  • December 2011
  • Region: Thailand
  • Standard & Poors
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Following a review of Siam Commercial Bank (SCB) under Standard & Poor's revised bank criteria (published on Nov. 9, 2011), we have affirmed our 'BBB+/A-2' ratings on SCB. The outlook is stable. Our ratings on SCB reflect the bank's 'bbb-' anchor, "strong" business position, "adequate" capital and earnings, "adequate" risk position, "average" funding, and "adequate" liquidity. Our ratings also factor in potential extraordinary government support in a crisis as SCB has "high systemic importance." The stable outlook reflects our expectation that the bank's business position is likely to remain strong and it will largely maintain its financial profile. As we previously announced, on Dec. 6, 2011, Standard & Poor's Ratings Services affirmed its 'BBB+' long-term and 'A-2' short-term issuer credit...

Companies mentioned in this report are:
- Siam Commercial Bank Public Co. Ltd.

Action: Affirmed

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- Siam Commercial Bank Public Co. Ltd.

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