from
S&P Credit Research7376 word report
published Mar 09, 2009
Price
$750.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | The smaller regional banks and thrifts in Standard&Poor's Ratings Services' rated universe largely had a rough fourth quarter, as none of these companies was immune to the September/October ratchet-down in the general economy. Weaker-than-expected earnings and asset-quality trends caused us to downgrade some companies and/or assign negative outlooks. Most of the banks and thrifts in this group reported meager earnings that were lower than the prior quarter, and some reported net losses. Earnings performance was mainly hurt by higher loan-loss provisions, resulting from the need to build reserves against rising nonperforming loans (NPLs) and higher net charge-offs (NCOs). Many institutions benefited from an increase in their net interest margins, mainly aided by lower funding costs, which slightly boosted
|
| Brief Excerpt: | RESEARCH Ratings Definitions Industry Report Card: U.S. Regional BanksaÇÖ Performances Are Mixed, But Most Feel The Pain Publication date: 09-Mar-2009 Primary Credit Analyst: Barbara Duberstein, New York (1) 212-438-5656; barbara_duberstein@standardandp...
|
| Report Type: | Commentary
|
| Sector: | Asset-Backed Securities, Financial Institutions, Global Issuers, Public Finance, Residential MBS, Structured Finance, Utilities
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
