This report does not constitute a rating action.
S&P Global Ratings provides its issuer credit ratings (ICRs) and component scores for the top 200 banks it rates. The ICRs and component scores in table 1 are based on the main operating company within the group and are effective as of April 3, 2023. Where applicable, these are not indicative of the ratings and outlooks on the respective holding companies.
Here is a brief explanation of table 1's main column headings:
- Anchor: We derive this by combining our relative economic and industry risk assessments for each national banking sector. For multinational banks, the economic risk is weighted according to the mix of their country exposures.
- Business position, capital and earnings, risk position, funding, and liquidity: These are bank-specific rating factors that adjust the anchor up or down to produce the stand-alone credit profile (SACP). Depending on the anchor level, this assessment can produce different adjustment.
- CRA (comparable ratings analysis) adjustment: We may apply an adjustment of up to one notch in either direction to arrive at the SACP, capturing a more holistic view of creditworthiness.
- Type of support and No. of notches of support: Ratings may include our view of extraordinary support from one of the following: a government, parent group, or additional loss-absorbing capacity (ALAC); otherwise, we list the type of support as none in the table. If there is support, we indicate whether the support derives from the bank's systemic importance, its classification as a government-related entity, additional support from a government, membership of a group, or ALAC. ALAC consists of certain bank hybrid capital instruments, and in specified circumstances, other liabilities (such as non-operating holding company debt in some jurisdictions) that can absorb losses of a bank at or near nonviability in a way that reduces the risk of the bank defaulting, according to our definition, on its senior unsecured obligations. We also specify the number of notches of uplift above the SACP.
- Additional factors: In some cases, we have made a one-notch adjustment, higher or lower, to the potential outcome, according to our criteria (see paragraphs 25-31 in "Financial Institutions Rating Methodology," published Dec. 9, 2021, on RatingsDirect). It can also reflect a sovereign cap on some entities.
Issuer Credit Ratings And Component Scores For The Top 200 Banks Globally | ||||||||||||||||||||||||||
---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Country | Institution | Opco L-T ICR/Outlook | Anchor | Business position | Capital and earnings | Risk position | Funding and liquidity | CRA Adjustement | Group SACP or SACP | Type of support | No. of notches of support | Additional factors | ||||||||||||||
Australia | ||||||||||||||||||||||||||
Australia and New Zealand Banking Group Ltd. |
AA-/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
Commonwealth Bank of Australia |
AA-/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
Macquarie Bank Ltd. |
A+/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
National Australia Bank Ltd. |
AA-/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
Westpac Banking Corp. |
AA-/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
Austria | ||||||||||||||||||||||||||
Erste Group Bank AG |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Raiffeisen Bank International AG |
A-/Negative | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | None | 0 | 0 | |||||||||||||||
Belgium | ||||||||||||||||||||||||||
Belfius Bank SA/NV |
A/Stable | a- | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a- | ALAC | +1 | 0 | |||||||||||||||
KBC Group N.V.§ |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Brazil | ||||||||||||||||||||||||||
Banco Bradesco S.A. |
BB-/Stable | bb+ | Very Strong (+2) | Constrained (-1) | Adequate (0) | Strong/ Adequate (0) | 0 | bbb- | None | 0 | (3) | |||||||||||||||
Banco BTG Pactual S.A. |
BB-/Stable | bbb | Adequate (0) | Moderate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bb | None | 0 | (1) | |||||||||||||||
Banco do Brasil S.A |
BB-/Stable | bb+ | Very Strong (+2) | Moderate (0) | Adequate (0) | Strong/ Adequate (0) | 0 | bbb | None | 0 | (4) | |||||||||||||||
Banco Nacional de Desenvolvimento Economico e Social |
BB-/Stable | bb+ | Adequate (0) | Adequate (0) | Strong (+1) | Strong/ Adequate (0) | 0 | bbb- | None | 0 | (3) | |||||||||||||||
Caixa Economica Federal |
BB-/Stable | bb+ | Adequate (0) | Constrained (-1) | Moderate (-1) | Strong/ Strong (+1) | 0 | bb | None | 0 | (1) | |||||||||||||||
Canada | ||||||||||||||||||||||||||
Bank of Montreal |
A+/Stable | a- | Adequate (0) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +1 | 0 | |||||||||||||||
Bank of Nova Scotia (The) |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +1 | 0 | |||||||||||||||
Canadian Imperial Bank of Commerce |
A+/Stable | a- | Adequate (0) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +1 | 0 | |||||||||||||||
Federation des caisses Desjardins du Quebec |
A+/Stable | a- | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | Sys. imp. | +1 | 0 | |||||||||||||||
National Bank of Canada |
A/Stable | a- | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Royal Bank of Canada |
AA-/Stable | a- | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a+ | Sys. imp. | +1 | 0 | |||||||||||||||
Toronto-Dominion Bank (The) |
AA-/Stable | a- | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a+ | Sys. imp. | +1 | 0 | |||||||||||||||
China | ||||||||||||||||||||||||||
Agricultural Bank of China Ltd. |
A/Stable | bb+ | Very Strong (+2) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb+ | GRE | +2 | 0 | |||||||||||||||
Bank of China Ltd. |
A/Stable | bbb- | Very Strong (+2) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | GRE | +1 | 0 | |||||||||||||||
Bank of Chongqing Co. Ltd. |
BBB-/Stable | bb+ | Adequate (0) | Moderate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bb | GRE | +2 | 0 | |||||||||||||||
Bank of Communications Co. Ltd. |
A-/Stable | bb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Adequate (0) | 0 | bbb- | GRE | +3 | 0 | |||||||||||||||
China Bohai Bank Co. Ltd. |
BBB-/Negative | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
China CITIC Bank Corp. Ltd. |
BBB+/Stable | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Group | +4 | 0 | |||||||||||||||
China Construction Bank Corp. |
A/Stable | bb+ | Very Strong (+2) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb+ | GRE | +2 | 0 | |||||||||||||||
China Everbright Bank Co. Ltd. |
BBB+/Stable | bb+ | Adequate (0) | Moderate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb+ | Group | +3 | 0 | |||||||||||||||
China Guangfa Bank Co. Ltd. |
BBB-/Stable | bb+ | Adequate (0) | Moderate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
China Merchants Bank Co. Ltd. |
BBB+/Developing | bb+ | Strong (+1) | Moderate (0) | Strong (+1) | Strong/ Adequate (0) | 0 | bbb | Sys. imp. | +1 | 0 | |||||||||||||||
China Minsheng Banking Corp. Ltd. |
BBB-/Stable | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
China Zheshang Bank Co. Ltd. |
BBB-/Stable | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
Hua Xia Bank Co. Ltd. |
BBB-/Stable | bb+ | Adequate (0) | Moderate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bb | GRE | +2 | 0 | |||||||||||||||
Industrial and Commercial Bank of China Ltd. |
A/Stable | bb+ | Very Strong (+2) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb+ | GRE | +2 | 0 | |||||||||||||||
Ping An Bank Co. Ltd. |
BBB+/Negative | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Group | +4 | 0 | |||||||||||||||
Postal Savings Bank Of China Co. Ltd. |
A/Stable | bb+ | Strong (+1) | Moderate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb | GRE | +3 | 0 | |||||||||||||||
Shanghai Pudong Development Bank Co. Ltd. |
BBB/Stable | bb+ | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | GRE | +3 | 0 | |||||||||||||||
Shanghai Rural Commercial Bank Co. Ltd. |
BBB/Stable | bb+ | Adequate (0) | Moderate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | bb+ | GRE | +2 | 0 | |||||||||||||||
Colombia | ||||||||||||||||||||||||||
Bancolombia, S. A. y Companias Subordinadas |
BB+/Stable | bb+ | Strong (+1) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb+ | None | 0 | 0 | |||||||||||||||
Denmark | ||||||||||||||||||||||||||
Danske Bank A/S |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Jyske Bank A/S |
A/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +1 | 0 | |||||||||||||||
Nykredit Realkredit A/S |
A+/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Egypt | ||||||||||||||||||||||||||
Banque Misr |
B/Stable | b+ | Strong (+1) | Weak (-1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | b | None | 0 | 0 | |||||||||||||||
National Bank of Egypt |
B/Stable | b+ | Strong (+1) | Weak (-1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | b | None | 0 | 0 | |||||||||||||||
Finland | ||||||||||||||||||||||||||
Nordea Bank Abp |
AA-/Stable | a- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a+ | ALAC | +1 | 0 | |||||||||||||||
France | ||||||||||||||||||||||||||
BNP Paribas |
A+/Stable | bbb+ | Very Strong (+2) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
BPCE |
A/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +1 | 0 | |||||||||||||||
Credit Agricole Group |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Credit Mutuel Group |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
La Banque Postale |
A+/Negative | bbb+ | Adequate (0) | Moderate (-1) | Moderate (-1) | Strong/ Strong (+1) | 0 | bbb | Group | +4 | 0 | |||||||||||||||
RCI Banque |
BBB-/Stable | bbb | Moderate (-1) | Strong (+1) | Adequate (0) | Moderate/ Adequate (-1) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Societe Generale |
A/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | ALAC | +2 | 0 | |||||||||||||||
Germany | ||||||||||||||||||||||||||
Commerzbank AG |
A-/Stable | bbb+ | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb | ALAC | +2 | 0 | |||||||||||||||
Cooperative Banking Sector Germany |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Strong/ Strong (+1) | 0 | a+ | None | 0 | 0 | |||||||||||||||
DekaBank Deutsche Girozentrale |
A/Stable | bbb+ | Moderate (-1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | Group | +3 | 0 | |||||||||||||||
Deutsche Bank AG |
A-/Stable | bbb+ | Adequate (0) | Adequate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | ALAC | +2 | 0 | |||||||||||||||
Volkswagen Bank GmbH |
BBB+/Stable | bbb+ | Constrained (-2) | Very Strong (+2) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Greece | ||||||||||||||||||||||||||
Eurobank Ergasias Services And Holdings S.A.§ |
B+/Positive | bb- | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | b+ | None | 0 | 0 | |||||||||||||||
National Bank of Greece S.A. |
B+/Positive | bb- | Adequate (0) | Constrained (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | b+ | None | 0 | 0 | |||||||||||||||
Hong Kong | ||||||||||||||||||||||||||
Bank of East Asia Limited (The) |
A-/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +1 | 0 | |||||||||||||||
Hungary | ||||||||||||||||||||||||||
OTP Bank PLC |
BBB-/Stable | bbb- | Strong (+1) | Adequate (0) | Moderate (-1) | Strong/ Strong (+1) | 0 | bbb | None | (1) | 0 | |||||||||||||||
India | ||||||||||||||||||||||||||
Axis Bank Ltd. |
BBB-/Stable | bb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Bank of India |
BB+/Stable | bb+ | Adequate (0) | Moderate (0) | Constrained (-2) | Strong/ Strong (+1) | 0 | bb | GRE | +1 | 0 | |||||||||||||||
HDFC Bank Ltd. |
BBB-/Stable | bb+ | Strong (+1) | Adequate (0) | Strong (+1) | Strong/ Strong (+1) | 0 | bbb+ | None | 0 | (2) | |||||||||||||||
ICICI Bank Ltd. |
BBB-/Stable | bb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Kotak Mahindra Bank |
BBB-/Stable | bb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
State Bank of India |
BBB-/Stable | bb+ | Strong (+1) | Constrained (-1) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Union Bank of India |
BB+/Stable | bb+ | Adequate (0) | Constrained (-1) | Constrained (-2) | Strong/ Strong (+1) | 0 | bb- | GRE | +2 | 0 | |||||||||||||||
Indonesia | ||||||||||||||||||||||||||
PT Bank Mandiri (Persero) |
BBB-/Stable | bb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Strong (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
PT Bank Negara Indonesia (Persero) Tbk. |
BBB-/Stable | bb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Strong (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
PT Bank Rakyat Indonesia (Persero) Tbk. |
BBB-/Stable | bb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Strong (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Ireland | ||||||||||||||||||||||||||
AIB Group PLC§ |
A-/Positive | bbb | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | ALAC | +2 | 0 | |||||||||||||||
Bank of Ireland Group PLC§ |
A-/Positive | bbb | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | ALAC | +2 | 0 | |||||||||||||||
Israel | ||||||||||||||||||||||||||
Bank Hapoalim B.M. |
A/Stable | bbb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Bank Leumi le-Israel B.M. |
A/Stable | bbb+ | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Israel Discount Bank Ltd. |
BBB+/Positive | bbb+ | Adequate (0) | Adequate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | Sys. imp. | +1 | 0 | |||||||||||||||
Mizrahi Tefahot Bank Ltd. |
A-/Positive | bbb+ | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +1 | 0 | |||||||||||||||
Italy | ||||||||||||||||||||||||||
Iccrea Banca SpA |
BB+/Stable | bbb- | Adequate (0) | Adequate (0) | Constrained (-2) | Strong/ Strong (+1) | 0 | bb+ | None | 0 | 0 | |||||||||||||||
Intesa Sanpaolo SpA |
BBB/Stable | bbb- | Strong (+1) | Moderate (-1) | Strong (+1) | Adequate/ Adequate (0) | 0 | bbb | None | 0 | 0 | |||||||||||||||
Mediobanca SpA |
BBB/Stable | bbb- | Adequate (0) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | bbb | None | 0 | 0 | |||||||||||||||
UniCredit SpA |
BBB/Stable | bbb | Strong (+1) | Adequate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | None | 0 | 0 | |||||||||||||||
Japan | ||||||||||||||||||||||||||
Chiba Bank Ltd. |
A-/Stable | bbb+ | Adequate (0) | Adequate (0) | Strong (+1) | Adequate/ Strong (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Development Bank of Japan Inc. |
A/Stable | bbb+ | Moderate (-1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | GRE | +3 | 0 | |||||||||||||||
Hachijuni Bank Ltd. |
A-/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Iyo Bank |
A-/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Japan Post Bank Co. Ltd. |
A/Stable | bbb+ | Adequate (0) | Adequate (0) | Moderate (-1) | Strong/ Strong (+1) | 0 | bbb+ | GRE | +2 | 0 | |||||||||||||||
Kyushu Financial Group Inc.* |
BBB+/Stable | bbb+ | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | bbb | Sys. imp. | +1 | 0 | |||||||||||||||
Mitsubishi UFJ Financial Group Inc.§ |
A/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | None | 0 | 0 | |||||||||||||||
Mizuho Financial Group Inc.§ |
A/Stable | bbb+ | Strong (+1) | Moderate (-1) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb+ | Sys. imp. | +1 | 0 | |||||||||||||||
Nomura Holdings Inc.§ |
A-/Stable | bbb+ | Moderate (-1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | Sys. imp. | +2 | 0 | |||||||||||||||
Norinchukin Bank |
A/Stable | bbb+ | Moderate (-1) | Strong (+1) | Moderate (-1) | Strong/ Strong (+1) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Resona Bank Ltd. |
A/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Shinkin Central Bank |
A/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Shinsei Bank Ltd. |
BBB/Stable | bbb+ | Moderate (-1) | Adequate (0) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb- | Sys. imp. | +1 | 0 | |||||||||||||||
Shizuoka Bank Ltd. |
A-/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Sumitomo Mitsui Financial Group Inc.§ |
A/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | None | 0 | 0 | |||||||||||||||
Sumitomo Mitsui Trust Bank Ltd. |
A/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Korea | ||||||||||||||||||||||||||
Industrial Bank of Korea |
AA-/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | GRE | +4 | 0 | |||||||||||||||
KEB Hana Bank |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
Kookmin Bank |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
Korea Development Bank |
AA/Stable | bbb+ | Moderate (-1) | Moderate (-1) | Constrained (-2) | Moderate/ Adequate (-1) | 0 | bb- | GRE | +10 | 0 | |||||||||||||||
Nonghyup Bank |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Adequate (0) | 0 | a- | GRE | +2 | 0 | |||||||||||||||
Shinhan Bank |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
Woori Bank |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
Kuwait | ||||||||||||||||||||||||||
National Bank of Kuwait S.A.K. |
A/Stable | bbb | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
Liechtenstein | ||||||||||||||||||||||||||
LGT Bank AG |
A+/Stable | a- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a+ | None | 0 | 0 | |||||||||||||||
Luxembourg | ||||||||||||||||||||||||||
Banque et Caisse d'Epargne de l'Etat, Luxembourg |
AA+/Stable | a- | Adequate (0) | Very Strong (+2) | Moderate (-1) | Strong/ Strong (+1) | 0 | a+ | GRE | +3 | 0 | |||||||||||||||
Malaysia | ||||||||||||||||||||||||||
CIMB Bank Bhd. |
A-/Stable | bbb | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | None | 0 | 0 | |||||||||||||||
Malayan Banking Bhd. |
A-/Stable | bbb | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | None | 0 | 0 | |||||||||||||||
Public Bank Bhd. |
A-/Stable | bbb | Strong (+1) | Strong (+1) | Strong (+1) | Strong/ Strong (+1) | (1) | a | None | 0 | (1) | |||||||||||||||
RHB Bank Bhd. |
BBB+/Stable | bbb | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb | Sys. imp. | +1 | 0 | |||||||||||||||
Mexico | ||||||||||||||||||||||||||
Banco Mercantil del Norte S.A. Institucion de Banca Multiple Grupo Financiero Banorte |
BBB/Stable | bbb- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | (1) | |||||||||||||||
Netherlands | ||||||||||||||||||||||||||
ABN AMRO Bank N.V. |
A/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | (1) | bbb+ | ALAC | +2 | 0 | |||||||||||||||
Cooperatieve Rabobank U.A. |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
ING Groep N.V.§ |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Norway | ||||||||||||||||||||||||||
DNB Bank ASA |
AA-/Stable | a- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a+ | ALAC | +1 | 0 | |||||||||||||||
Philippines | ||||||||||||||||||||||||||
Bank of the Philippine Islands |
BBB+/Stable | bbb- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Poland | ||||||||||||||||||||||||||
Bank Polska Kasa Opieki S.A. |
BBB+/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Portugal | ||||||||||||||||||||||||||
Banco Comercial Portugues S.A. |
BB+/Stable | bbb- | Adequate (0) | Moderate (-1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb+ | None | 0 | 0 | |||||||||||||||
Qatar | ||||||||||||||||||||||||||
Qatar National Bank (Q.P.S.C.) |
A+/Stable | bbb- | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb | GRE | +4 | 0 | |||||||||||||||
Saudi Arabia | ||||||||||||||||||||||||||
Al Rajhi Bank |
A-/Stable | bbb | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Arab National Bank |
A-/Stable | bbb | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | Sys. imp. | +2 | 0 | |||||||||||||||
Banque Saudi Fransi |
A-/Stable | bbb | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | Sys. imp. | +2 | 0 | |||||||||||||||
Riyad Bank |
A-/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +1 | 0 | |||||||||||||||
The Saudi National Bank |
A-/Stable | bbb | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Singapore | ||||||||||||||||||||||||||
DBS Bank Ltd. |
AA-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
Oversea-Chinese Banking Corp. Ltd. |
AA-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
United Overseas Bank Ltd. |
AA-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a | Sys. imp. | +2 | 0 | |||||||||||||||
South Africa | ||||||||||||||||||||||||||
FirstRand Bank Ltd. |
BB-/Stable | bb+ | Strong (+1) | Moderate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | (3) | |||||||||||||||
Nedbank Ltd. |
BB-/Stable | bb+ | Strong (+1) | Moderate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | (3) | |||||||||||||||
Spain | ||||||||||||||||||||||||||
Abanca Corporacion Bancaria S.A |
BBB-/Stable | bbb | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Banco Bilbao Vizcaya Argentaria S.A. |
A/Stable | bbb | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a- | ALAC | +1 | 0 | |||||||||||||||
Banco de Sabadell S.A. |
BBB/Stable | bbb | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb- | ALAC | +1 | 0 | |||||||||||||||
Banco Santander S.A. |
A+/Stable | bbb | Very Strong (+2) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
CaixaBank S.A. |
A-/Stable | bbb | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | ALAC | +1 | 0 | |||||||||||||||
Sweden | ||||||||||||||||||||||||||
Skandinaviska Enskilda Banken AB (publ) |
A+/Stable | a- | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Svenska Handelsbanken AB |
AA-/Stable | a- | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a+ | ALAC | +1 | 0 | |||||||||||||||
Swedbank AB |
A+/Stable | a- | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Switzerland | ||||||||||||||||||||||||||
Bank J. Safra Sarasin Ltd |
A/Stable | a- | Moderate (-1) | Very Strong (+2) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | None | 0 | 0 | |||||||||||||||
Credit Suisse Group AG§ |
A-/Watch Pos | a- | Moderate (-1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | (1) | bbb | ALAC | +2 | 0 | |||||||||||||||
PostFinance AG |
AA/Stable | a- | Moderate (-1) | Very Strong (+2) | Adequate (0) | Strong/ Strong (+1) | 0 | a+ | Group | +2 | 0 | |||||||||||||||
Raiffeisen Schweiz Genossenschaft |
A+/Stable | a- | Adequate (0) | Very Strong (+2) | Adequate (0) | Adequate/ Adequate (0) | 0 | a+ | None | 0 | 0 | |||||||||||||||
UBS Group AG§ |
A+/Stable | a- | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Zuercher Kantonalbank |
AAA/Stable | a- | Strong (+1) | Very Strong (+2) | Adequate (0) | Adequate/ Strong (0) | 0 | aa- | GRE | +3 | 0 | |||||||||||||||
Taiwan | ||||||||||||||||||||||||||
Bank of Taiwan |
AA/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | GRE | +4 | 0 | |||||||||||||||
Cathay United Bank Co. Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Chang Hwa Commercial Bank Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
CTBC Bank Co. Ltd. |
A/Stable | bbb | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Strong (0) | 0 | a- | Sys. imp. | +1 | 0 | |||||||||||||||
E.SUN Commercial Bank Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
First Commercial Bank Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Hua Nan Commercial Bank Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Land Bank of Taiwan |
A/Stable | bbb | Adequate (0) | Adequate (0) | Adequate (0) | Strong/ Adequate (0) | 0 | bbb | Sys. imp. | +3 | 0 | |||||||||||||||
Mega International Commercial Bank Co. Ltd. |
A+/Stable | bbb | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | Sys. imp. | +2 | 0 | |||||||||||||||
Shanghai Commercial & Savings Bank Ltd. (The) |
BBB+/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Taipei Fubon Commercial Bank Co. Ltd. |
A/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Taiwan Cooperative Bank Ltd. |
A+/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Strong/ Adequate (0) | 0 | bbb+ | Sys. imp. | +3 | 0 | |||||||||||||||
Taishin International Bank Co. Ltd. |
BBB+/Stable | bbb | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Thailand | ||||||||||||||||||||||||||
Bangkok Bank Public Co. Ltd. |
BBB+/Stable | bb | Strong (+1) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | bbb- | Sys. imp. | +2 | 0 | |||||||||||||||
KASIKORNBANK PCL |
BBB/Stable | bb | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | bb+ | Sys. imp. | +2 | 0 | |||||||||||||||
Krung Thai Bank Public Co. Ltd. |
BBB-/Stable | bb | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
Siam Commercial Bank Public Co. Ltd. |
BBB/Stable | bb | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Strong (0) | 0 | bb+ | Sys. imp. | +2 | 0 | |||||||||||||||
TMB Bank Public Co. Ltd. |
BBB-/Stable | bb | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bb | Sys. imp. | +2 | 0 | |||||||||||||||
United Arab Emirates | ||||||||||||||||||||||||||
Abu Dhabi Commercial Bank |
A/Stable | bbb- | Strong (+1) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb | GRE | +3 | 0 | |||||||||||||||
First Abu Dhabi Bank |
AA-/Stable | bbb- | Strong (+1) | Strong (+1) | Strong (+1) | Adequate/ Strong (0) | 0 | a- | GRE | +2 | +1 | |||||||||||||||
United Kingdom | ||||||||||||||||||||||||||
Barclays PLC§ |
A/Positive | bbb+ | Adequate (0) | Strong (+1) | Moderate (-1) | Adequate/ Adequate (0) | 0 | bbb+ | ALAC | +2 | 0 | |||||||||||||||
HSBC Holdings PLC§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Strong/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Lloyds Banking Group PLC§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Nationwide Building Society |
A+/Stable | bbb+ | Adequate (0) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
NatWest Group plc§ |
A/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | ALAC | +2 | 0 | |||||||||||||||
Standard Chartered PLC§ |
A+/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Strong/ Strong (+1) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Virgin Money UK PLC§ |
A-/Stable | bbb+ | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb | ALAC | +2 | 0 | |||||||||||||||
United States of America | ||||||||||||||||||||||||||
Ally Financial Inc.† |
BBB-/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Moderate/ Adequate (-1) | 0 | bbb | None | 0 | 0 | |||||||||||||||
American Express Co.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Moderate/ Adequate (-1) | 0 | a- | None | 0 | 0 | |||||||||||||||
Bank of America Corp.§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Bank of New York Mellon Corp.§ |
AA-/Stable | bbb+ | Very Strong (+2) | Adequate (0) | Strong (+1) | Adequate/ Strong (0) | 0 | a+ | ALAC | +1 | 0 | |||||||||||||||
Capital One Financial Corp.§ |
BBB+/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
Citigroup Inc.§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Citizens Financial Group, Inc.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Comerica Inc.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Discover Financial Services§ |
BBB/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Moderate/ Adequate (-1) | 0 | bbb | None | 0 | 0 | |||||||||||||||
Fifth Third Bancorp§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
First Horizon Corp.§ |
BBB/Watch Pos | bbb+ | Moderate (-1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb | None | 0 | 0 | |||||||||||||||
First Republic Bank |
B+/Watch Neg | bbb+ | Constrained (-2) | Adequate (0) | Adequate (0) | Weak/ Weak (-4) | 0 | b+ | None | 0 | 0 | |||||||||||||||
Goldman Sachs Group Inc. (The)§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Moderate (-1) | Adequate/ Adequate (0) | +1 | a- | ALAC | +2 | 0 | |||||||||||||||
Huntington Bancshares Inc.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
JPMorgan Chase & Co.§ |
A+/Stable | bbb+ | Very Strong (+2) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
KeyCorp§ |
A-/Stable | bbb+ | Adequate (0) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
M&T Bank Corp.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
Morgan Stanley§ |
A+/Stable | bbb+ | Strong (+1) | Strong (+1) | Adequate (0) | Adequate/ Adequate (0) | 0 | a | ALAC | +1 | 0 | |||||||||||||||
Northern Trust Corp.§ |
AA-/Stable | bbb+ | Very Strong (+2) | Adequate (0) | Very Strong (+2) | Adequate/ Strong (0) | 0 | aa- | None | 0 | 0 | |||||||||||||||
PNC Financial Services Group, Inc. (The)§ |
A/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | None | 0 | 0 | |||||||||||||||
Popular Inc.§ |
BBB-/Stable | bbb+ | Moderate (-1) | Strong (+1) | Constrained (-2) | Adequate/ Adequate (0) | 0 | bbb- | None | 0 | 0 | |||||||||||||||
Regions Financial Corp.§ |
A-/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | None | 0 | 0 | |||||||||||||||
State Street Corp.§ |
AA-/Stable | bbb+ | Very Strong (+2) | Adequate (0) | Strong (+1) | Adequate/ Strong (0) | 0 | a+ | ALAC | +1 | 0 | |||||||||||||||
Synchrony Financial§ |
BBB/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Moderate/ Adequate (-1) | 0 | bbb | None | 0 | 0 | |||||||||||||||
Truist Financial Corp.§ |
A/Stable | bbb+ | Strong (+1) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | 0 | a | None | 0 | 0 | |||||||||||||||
U.S. Bancorp§ |
AA-/Negative | bbb+ | Very Strong (+2) | Adequate (0) | Strong (+1) | Adequate/ Adequate (0) | +1 | aa- | None | 0 | 0 | |||||||||||||||
Wells Fargo & Co.§ |
A+/Stable | bbb+ | Strong (+1) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | a- | ALAC | +2 | 0 | |||||||||||||||
Zions BanCorp., N.A. |
BBB+/Stable | bbb+ | Adequate (0) | Adequate (0) | Adequate (0) | Adequate/ Adequate (0) | 0 | bbb+ | None | 0 | 0 | |||||||||||||||
In the "Type of Support" column, "None" includes some banks where ratings uplift because of support factors may be possible but none is currently included. (For example, this column includes some systemically important banks where systemic importance results in no rating uplift). ICRs are foreign currency ratings only. *The subscores are for Kyushu Financial Group Inc. The issuer credit ratings are assigned to Kagoshima Bank Ltd. §Holding company; the rating reflects that on the main operating company. †The ratings reflects that on the holding company. CRA--Comparable ratings analysis. ICR--Issuer credit rating. GRE--Government-related entity. SACP--Stand-alone credit profile. Sys. Imp.--Systemically important. ALAC--Additional loss-absorbing capacity. Sov--Capped by sovereign rating. |
Primary Credit Analyst: | Mehdi El mrabet, Paris + 33 14 075 2514; mehdi.el-mrabet@spglobal.com |
Secondary Contact: | Alexandre Birry, London + 44 20 7176 7108; alexandre.birry@spglobal.com |
Additional Contact: | Financial Institutions EMEA; Financial_Institutions_EMEA_Mailbox@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.