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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

  • Published: 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 READ MORE >

- Siam Commercial Bank Public Co. Ltd.

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