Bank Industry Country Risk Assessment: Thailand May 10
Standard & Poors, May 2010
Abstract
Strong net external creditor position supported by growing foreign exchange reserves Good franchise of the banking system Heightened political uncertainties weigh on investor confidence Weak economic structure exposes Thailand to the volatile global economy High nonperforming assets due to the slow rate of loan workouts Standard & Poor's Ratings Services considers the banking system in Thailand (foreign currency BBB+/Negative/A-2; local currency A-/Negative/A-2; ASEAN scale axAA-/--/axA-1) to be of average risk and has categorized it in Group 6 of its Banking Industry Country Risk Assessment (BICRA). Our BICRA rankings reflect our assessment of the strengths and weaknesses of a country's banking system, compared with those of other countries, on a scale ranging from Group 1 (the strongest) to Group 10 (the...
Companies mentioned in this report are:
- Thailand (Kingdom of)
- Bangkok Bank Public Co. Ltd.
- KASIKORNBANK PCL
- Siam Commercial Bank Public Co. Ltd.
- TMB Bank Public Co. Ltd.
- Krung Thai Bank Public Co. Ltd.
- Bank of Ayudhya Public Co. Ltd.
- United Overseas Bank (Thai) Public Co. Ltd.
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.
- Thailand (Kingdom of)
- Bangkok Bank Public Co. Ltd.
- KASIKORNBANK PCL
- Siam Commercial Bank Public Co. Ltd.
- TMB Bank Public Co. Ltd.
- Krung Thai Bank Public Co. Ltd.
- Bank of Ayudhya Public Co. Ltd.
- United Overseas Bank (Thai) Public Co. Ltd.
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