articles Ratings /ratings/en/research/articles/240731-banking-industry-country-risk-assessment-update-published-for-july-2024-13201483.xml content esgSubNav
In This List
NEWS

Banking Industry Country Risk Assessment Update Published For July 2024

COMMENTS

Your Three Minutes In Panda Bonds: Why Issuance Is Surging

COMMENTS

Banking Industry Country Risk Assessment Update: July 2024

COMMENTS

Digital Initiatives Could Triple India's Retail Lending By 2030

COMMENTS

Criteria | Financial Institutions | Fixed-Income Funds: Principal Stability Fund Rating Methodology


Banking Industry Country Risk Assessment Update Published For July 2024

MEXICO CITY (S&P Global Ratings) July 31, 2024--S&P Global Ratings has published its "Banking Industry Country Risk Assessment Update: July 2024."

This article presents updates to S&P Global Ratings' views on the 86 banking systems that it currently reviews under its criteria "Banking Industry Country Risk Assessment Methodology And Assumptions," published on Dec. 9, 2021, that it uses primarily when applying its methodologies to develop the stand-alone credit profile and issuer credit rating on a financial institution ("Financial Institutions Rating Methodology," Dec. 9, 2021).

Since we last published the BICRA update on June 28, 2024, we have:

  • Bolivia: withdrawn our BICRA on Bolivia;
  • Greece: revised our BICRA to Group '6' from Group '7', our economic risk score to '6' from '7', and our industry risk score to '6' from '7'. We also revised some scores on economic risk- and industry risk-related factors; revised our economic risk trend to stable from positive, and our industry risk trend to stable from positive; and
  • Ireland: revised our industry risk trend to positive from stable.

Since we last published the BICRA update on June 28, 2024, we also published comprehensive BICRA reports on Czech Republic, France, Japan, Spain, Switzerland, Taiwan, and Vietnam.

RELATED CRITERIA AND RESEARCH

Related Criteria

Related Research

This report does not constitute a rating action.

The report is available to RatingsDirect subscribers at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by sending an e-mail to research_request@spglobal.com. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box at www.spglobal.com/ratings.

Primary Credit Analyst:Alfredo E Calvo, Mexico City + 52 55 5081 4436;
alfredo.calvo@spglobal.com
Secondary Contacts:Emmanuel F Volland, Paris + 33 14 420 6696;
emmanuel.volland@spglobal.com
Devi Aurora, New York + 1 (212) 438 3055;
devi.aurora@spglobal.com
Elena Iparraguirre, Madrid + 34 91 389 6963;
elena.iparraguirre@spglobal.com
Sharad Jain, Melbourne + 61 3 9631 2077;
sharad.jain@spglobal.com
Harm Semder, Frankfurt + 49 693 399 9158;
harm.semder@spglobal.com
Michael L Forbes, Toronto + 1 (416) 507 2525;
michael.forbes@spglobal.com

No content (including ratings, credit-related analyses and data, valuations, model, software, or other application or output therefrom) or any part thereof (Content) may be modified, reverse engineered, reproduced, or distributed in any form by any means, or stored in a database or retrieval system, without the prior written permission of Standard & Poor’s Financial Services LLC or its affiliates (collectively, S&P). The Content shall not be used for any unlawful or unauthorized purposes. S&P and any third-party providers, as well as their directors, officers, shareholders, employees, or agents (collectively S&P Parties) do not guarantee the accuracy, completeness, timeliness, or availability of the Content. S&P Parties are not responsible for any errors or omissions (negligent or otherwise), regardless of the cause, for the results obtained from the use of the Content, or for the security or maintenance of any data input by the user. The Content is provided on an “as is” basis. S&P PARTIES DISCLAIM ANY AND ALL EXPRESS OR IMPLIED WARRANTIES, INCLUDING, BUT NOT LIMITED TO, ANY WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE OR USE, FREEDOM FROM BUGS, SOFTWARE ERRORS OR DEFECTS, THAT THE CONTENT’S FUNCTIONING WILL BE UNINTERRUPTED, OR THAT THE CONTENT WILL OPERATE WITH ANY SOFTWARE OR HARDWARE CONFIGURATION. In no event shall S&P Parties be liable to any party for any direct, indirect, incidental, exemplary, compensatory, punitive, special or consequential damages, costs, expenses, legal fees, or losses (including, without limitation, lost income or lost profits and opportunity costs or losses caused by negligence) in connection with any use of the Content even if advised of the possibility of such damages.

Credit-related and other analyses, including ratings, and statements in the Content are statements of opinion as of the date they are expressed and not statements of fact. S&P’s opinions, analyses, and rating acknowledgment decisions (described below) are not recommendations to purchase, hold, or sell any securities or to make any investment decisions, and do not address the suitability of any security. S&P assumes no obligation to update the Content following publication in any form or format. The Content should not be relied on and is not a substitute for the skill, judgment, and experience of the user, its management, employees, advisors, and/or clients when making investment and other business decisions. S&P does not act as a fiduciary or an investment advisor except where registered as such. While S&P has obtained information from sources it believes to be reliable, S&P does not perform an audit and undertakes no duty of due diligence or independent verification of any information it receives. Rating-related publications may be published for a variety of reasons that are not necessarily dependent on action by rating committees, including, but not limited to, the publication of a periodic update on a credit rating and related analyses.

To the extent that regulatory authorities allow a rating agency to acknowledge in one jurisdiction a rating issued in another jurisdiction for certain regulatory purposes, S&P reserves the right to assign, withdraw, or suspend such acknowledgement at any time and in its sole discretion. S&P Parties disclaim any duty whatsoever arising out of the assignment, withdrawal, or suspension of an acknowledgment as well as any liability for any damage alleged to have been suffered on account thereof.

S&P keeps certain activities of its business units separate from each other in order to preserve the independence and objectivity of their respective activities. As a result, certain business units of S&P may have information that is not available to other S&P business units. S&P has established policies and procedures to maintain the confidentiality of certain nonpublic information received in connection with each analytical process.

S&P may receive compensation for its ratings and certain analyses, normally from issuers or underwriters of securities or from obligors. S&P reserves the right to disseminate its opinions and analyses. S&P's public ratings and analyses are made available on its Web sites, www.spglobal.com/ratings (free of charge), and www.ratingsdirect.com (subscription), and may be distributed through other means, including via S&P publications and third-party redistributors. Additional information about our ratings fees is available at www.spglobal.com/usratingsfees.

 

Create a free account to unlock the article.

Gain access to exclusive research, events and more.

Already have an account?    Sign in