trending Market Intelligence /marketintelligence/en/news-insights/trending/xPDLc3OzGCIyBeduHY6-cg2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

Moody's acts on ICBC Standard Bank

Street Talk Episode 68 - As many investors zig away from bank stocks, 2 vets in the space zag toward them

Street Talk Episode 66 - Community banks tap the debt markets while the getting is good

Street Talk Episode 67 - Veteran investor tabs Mick Mulvaney to help with latest financial stock-focused fund

Street Talk Episode 65 - Deferral practices trap US bank portfolios in purgatory

Moody's acts on ICBC Standard Bank

Moody's on Jan. 30 affirmed Industrial & Commercial Bank of China Standard Bank Plc's Baa3 long-term local- and foreign-currency issuer and bank deposit ratings and revised the outlook on both ratings to stable from negative.

The rating agency also assigned the bank a "b1" baseline credit assessment, a "baa3" adjusted baseline credit assessment and Baa2(cr)/Prime-2(cr) long- and short-term counterparty risk assessments. The bank's short-term local- and foreign-currency deposit ratings were affirmed at Prime-3.

The ratings actions follow a change in the methodology used to assess ICBC Standard Bank, reflecting the U.K.'s "very strong" macro profile, the bank's financial profile and qualitative factors, Moody's advanced loss-given failure analysis and a low probability of government support for the bank.

The bank's baseline credit assessment incorporates relative strength of the global markets business in several capital markets products, adequate capital position and strong liquidity profile.

On the other hand, the BCA is constrained by weak earnings performance for the global markets business and uncertainty around the execution of the business plan, which encompasses increasing trade volumes and an expanded client base due to a new ownership structure without a planned increase in risk appetite.

Additional constraints on the BCA come from the bank's limited business diversification.

The adjusted BCA reflects a high probability of support coming from the bank's major shareholder, Industrial & Commercial Bank of China Ltd.

The stable outlook on ICBC Standard Bank, on one end, reflects the negative outlook on Industrial & Commercial Bank of China's BCA and, on the other, the expected ICBC Standard Bank's liability structure, which will likely involve an increase in its deposit base, providing additional protection to creditors in case of default.