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Research Update: Siam Commercial Bank Public Co. Ltd. Upgraded To 'BBB+/A-2' On Improved Financial Profile; Outlook Stable Dec 10 Product Image

Research Update: Siam Commercial Bank Public Co. Ltd. Upgraded To 'BBB+/A-2' On Improved Financial Profile; Outlook Stable Dec 10

  • ID: 2091679
  • December 2010
  • Standard & Poors

Abstract
SCB's profitability and asset quality have improved in the current year. We raised the counterparty credit ratings on SCB to 'BBB+/A-2' from 'BBB/A-2'. At the same time, we raised the bank fundamental strength rating to 'C+' from 'C'. The stable outlook reflects our expectation that SCB will maintain its financial profile. On Dec. 23, 2010, Standard & Poor's Ratings Services raised its counterparty credit ratings on Siam Commercial Bank Public Co. Ltd. (SCB) to 'BBB+/A-2' from 'BBB/A-2'. The outlook on the long-term rating is stable. At the same time, we raised the bank fundamental strength rating on SCB to 'C+' from 'C'. We also affirmed the ASEAN regional scale rating at 'axA+/axA-1'. We upgraded SCB to reflect the sustained improvement...

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

Action: Outlook: Stable
Action: Upgraded

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.

Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases.

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- Siam Commercial Bank Public Co. Ltd.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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