Home Credit Ratings and Research S&P Global Ratings’ Credit Research Banque Cantonale Vaudoise

Banque Cantonale Vaudoise

Published Nov 30, 2012

4184 words — Published Nov 30, 2012

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Abstract:

Very high likelihood of support from the Canton of Vaud in case of stress. Good franchise in resilient Vaud economy. More diversified business model than a traditional Swiss cantonal bank. Strong liquidity despite management's intention to partly fund growth by drawing on excess liquidity. High exposure to regional real estate markets. Sizable trade finance exposures. Standard&Poor's Rating Services' negative outlook on Swiss Banque Cantonale Vaudoise (BCV) reflects the likelihood of a downgrade if residential real estate prices in Switzerland and the Canton of Vaud (AA+/Positive/--) keep increasing at the high pace observed over the past three years, potentially harming the quality of BCV's mortgage loan book. We might also lower the long-term rating on BCV if we saw

Brief Excerpt:

RESEARCH Banque Cantonale Vaudoise Publication date: 30-Nov-2012 Primary Credit Analyst: Thierry Grunspan, Paris (33) 1-4420-6739; thierry_grunspan@standardandpoors.com Secondary Contact: Francois Moneger, Paris (33) 1-4420-6688;...

Report Type:

Full Report

Ticker

BCV@SW

Issuer

Banque Cantonale Vaudoise

GICS

Regional Banks (40101015)

Sector

Global Issuers

Country

Switzerland

Region

Europe, Middle East, Africa

Format:

HTML

Outlook On Banque Cantonale Vaudoise Revised To Stable On Upgrade Of The Canton Of Vaud; Ratings Affirmed At 'AA/A-1+' – 2013/06/18 – US$ 150.00

Research Update: Outlook On Banque Cantonale Vaudoise Revised To Stable On Upgrade Of The Canton Of Vaud; Ratings Affirmed At 'AA/A-1+' – 2013/06/18 – US$ 225.00

Banque Cantonale Vaudoise – 2013/11/29 – US$ 500.00

Summary: Banque Cantonale Vaudoise – 2013/11/29 – US$ 225.00

Research Update: Switzerland-Based Banque Cantonale Vaudoise Affirmed At 'AA/A-1+' Following Government Support Review; Outlook Stable – 2014/04/30 – US$ 225.00

Summary: Banque Cantonale Vaudoise – 2012/11/30 – US$ 225.00

Research Update: Outlook On Banque Cantonale Vaudoise To Negative On Loan Risk From Rising Property Prices; 'AA/A-1+' Ratings Affirmed – 2012/07/03 – US$ 225.00

Research Update: Banque Cantonale Vaudoise Long-Term Rating Raised To 'AA' From 'AA-' On Bank Criteria Change; Outlook Stable – 2011/12/05 – US$ 225.00

Banque Cantonale Vaudoise – 2011/10/19 – US$ 500.00

Summary: Banque Cantonale Vaudoise – 2011/10/19 – US$ 225.00

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MLA:	S&P Global Ratings’ Credit Research. "Banque Cantonale Vaudoise" Nov 30, 2012. Alacra Store. May 08, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Banque-Cantonale-Vaudoise-1043176>

APA:	S&P Global Ratings’ Credit Research. (). Banque Cantonale Vaudoise Nov 30, 2012. New York, NY: Alacra Store. Retrieved May 08, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Banque-Cantonale-Vaudoise-1043176>

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