MEXICO CITY (S&P Global Ratings) May 24, 2023--S&P Global Ratings today published its sector and industry variables for "Banking Industry Country Risk Assessment Update: May 2023." The article provides additional information on the variables derived from the application of the criteria "Banking Industry Country Risk Assessment Methodology And Assumptions," Dec. 9, 2021. These variables are used primarily when applying our methodologies to develop the stand-alone credit profile and issuer credit rating of a financial institution ("Financial Institutions Rating Methodology," Dec. 9, 2021). In addition, some variables covered in this report are derived from our "Financial Institutions Rating Methodology," Dec. 9, 2021 and "Risk-Adjusted Capital Framework Methodology," July 20, 2017. This report is intended to be read and applied in conjunction with those criteria.
We typically update this information every month to summarize our latest BICRA assessments, economic and industry risk scores and components, and related assessments. These variables were last published in "Banking Industry Country Risk Assessment Update: April 2023."
A sector and industry variables report is a publicly available criteria-related publication that describes sector, industry, asset class, or regional variables that we expect to periodically update mainly to reflect our views on changing macroeconomic and market conditions. Sector and industry variables reports are not criteria because they do not establish a methodological framework for determining credit ratings.
Since we last published the BICRA update on April 28, 2023, we have revised:
- Italy: Our economic risk trend to positive from stable; and
- New Zealand: Our economic risk trend to stable from negative.
Since we last published the BICRA update on April 28, 2023, we have published comprehensive BICRA reports on Armenia, Brunei, Cyprus, New Zealand, Panama, and Singapore.
RELATED CRITERIA AND RESEARCH
- Financial Institutions Rating Methodology, Dec. 9, 2021
- Banking Industry Country Risk Assessment Methodology And Assumptions, Dec. 9, 2021
- Sovereign Rating Methodology, Dec. 18, 2017
- Risk-Adjusted Capital Framework Methodology, July 20, 2017
- Banking Industry Country Risk Assessment: Cyprus, May 22, 2023
- Banking Industry Country Risk Assessment: Singapore, May 22, 2023
- New Zealand's Banking Industry Country Risk Assessment Unchanged As Imbalances Unwind, May 21, 2023
- Banking Industry Country Risk Assessment: New Zealand, May 21, 2023
- Banking Industry Country Risk Assessment: Armenia, May 19, 2023
- Banca Popolare dell'Alto Adige Outlook Revised To Positive On Reducing Economic Risks For Italian Banks, May 19, 2023
- Banking Industry Country Risk Assessment: Brunei, May 17, 2023
- Banking Industry Country Risk Assessment: Panama, May 10, 2023
- Colombia's Banking Industry Country Risk Assessment Unchanged On Evolving Industry Risks; No Ratings Affected, May 9, 2023
- Global Bank Country-By-Country Outlook 2023: Greater Divergence Ahead, Nov. 17, 2022
- Global Bank Outlook 2023: Greater Divergence Ahead, Nov. 16, 2022
- Evolution Of The Methodologies Framework: Introducing Sector And Industry Variables Reports, Oct. 1, 2021
- S&P To Publish Economic And Industry Risk Trends For Banks, March 12, 2013
This report does not constitute a rating action.
The report is available to subscribers of RatingsDirect at www.capitaliq.com. If you are not a RatingsDirect subscriber, you may purchase a copy of the report by calling (1) 212-438-7280 or sending an e-mail to firstname.lastname@example.org. Ratings information can also be found on S&P Global Ratings' public website by using the Ratings search box located in the left column at www.standardandpoors.com. Members of the media may request a copy of this report by contacting the media representative provided.
|Analytical Contact:||Alfredo E Calvo, Mexico City + 52 55 5081 4436;|
|Emmanuel F Volland, Paris + 33 14 420 6696;|
|Devi Aurora, New York + 1 (212) 438 3055;|
|Elena Iparraguirre, Madrid + 34 91 389 6963;|
|Sharad Jain, Melbourne + 61 3 9631 2077;|
|Michael L Forbes, Toronto + 1 (416) 507 2525;|
|Methodology Contact:||Michelle M Brennan, London + 44 20 7176 7205;|
|Matthew B Albrecht, CFA, Englewood + 1 (303) 721 4670;|
|Steven Ader, New York + 1 (212) 438 1447;|
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