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
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
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Product Type: Research Update
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