COMMENTS Criteria | Financial Institutions | Other: Methodology For Rating Subscription Lines Secured By Capital Commitments
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:
Australia and New Zealand Banking Group Ltd.
Commonwealth Bank of Australia
Macquarie Bank Ltd.
National Australia Bank Ltd.
Westpac Banking Corp.
Erste Group Bank AG
Raiffeisen Bank International AG
Belfius Bank SA/NV
Banco Bradesco S.A.
Banco BTG Pactual S.A.
Banco do Brasil S.A
Banco Nacional de Desenvolvimento Economico e Social
Caixa Economica Federal
Bank of Montreal
Bank of Nova Scotia (The)
Canadian Imperial Bank of Commerce
Federation des caisses Desjardins du Quebec
National Bank of Canada
Royal Bank of Canada
Toronto-Dominion Bank (The)
Agricultural Bank of China Ltd.
Bank of China Ltd.
Bank of Chongqing Co. Ltd.
Bank of Communications Co. Ltd.
China Bohai Bank Co. Ltd.
China CITIC Bank Corp. Ltd.
China Construction Bank Corp.
China Everbright Bank Co. Ltd.
China Guangfa Bank Co. Ltd.
China Merchants Bank Co. Ltd.
China Minsheng Banking Corp. Ltd.
China Zheshang Bank Co. Ltd.
Hua Xia Bank Co. Ltd.
Industrial and Commercial Bank of China Ltd.
Ping An Bank Co. Ltd.
Postal Savings Bank Of China Co. Ltd.
Shanghai Pudong Development Bank Co. Ltd.
Shanghai Rural Commercial Bank Co. Ltd.
Bancolombia, S. A. y Companias Subordinadas
Nykredit Realkredit A/S
National Bank of Egypt
Nordea Bank Abp
Credit Agricole Group
Credit Mutuel Group
La Banque Postale
Cooperative Banking Sector Germany
DekaBank Deutsche Girozentrale
Deutsche Bank AG
Volkswagen Bank GmbH
Eurobank Ergasias Services And Holdings S.A.§
National Bank of Greece S.A.
Bank of East Asia Limited (The)
Kotak Mahindra Bank
State Bank of India
Union Bank of India
PT Bank Mandiri (Persero)
PT Bank Negara Indonesia (Persero) Tbk.
PT Bank Rakyat Indonesia (Persero) Tbk.
Bank of Ireland Group PLC§
Bank Hapoalim B.M.
Bank Leumi le-Israel B.M.
Israel Discount Bank Ltd.
Mizrahi Tefahot Bank Ltd.
Iccrea Banca SpA
Intesa Sanpaolo SpA
Development Bank of Japan Inc.
Hachijuni Bank Ltd.
Japan Post Bank Co. Ltd.
Kyushu Financial Group Inc.*
Mitsubishi UFJ Financial Group Inc.§
Mizuho Financial Group Inc.§
Nomura Holdings Inc.§
Resona Bank Ltd.
Shinkin Central Bank
Shinsei Bank Ltd.
Shizuoka Bank Ltd.
Sumitomo Mitsui Financial Group Inc.§
Sumitomo Mitsui Trust Bank Ltd.
Industrial Bank of Korea
Korea Development Bank
National Bank of Kuwait S.A.K.
Banque et Caisse d'Epargne de l'Etat, Luxembourg
Malayan Banking Bhd.
Public Bank Bhd.
Banco Mercantil del Norte S.A. Institucion de Banca Multiple Grupo Financiero Banorte
ABN AMRO Bank N.V.
Cooperatieve Rabobank U.A.
Bank of the Philippine Islands
Bank Polska Kasa Opieki S.A.
Banco Comercial Portugues S.A.
Qatar National Bank (Q.P.S.C.)
Arab National Bank
Banque Saudi Fransi
The Saudi National Bank
Oversea-Chinese Banking Corp. Ltd.
United Overseas Bank Ltd.
FirstRand Bank Ltd.
Abanca Corporacion Bancaria S.A
Banco Bilbao Vizcaya Argentaria S.A.
Banco de Sabadell S.A.
Banco Santander S.A.
Skandinaviska Enskilda Banken AB (publ)
Svenska Handelsbanken AB
Bank J. Safra Sarasin Ltd
Credit Suisse Group AG§
Raiffeisen Schweiz Genossenschaft
Cathay United Bank Co. Ltd.
Chang Hwa Commercial Bank Ltd.
CTBC Bank Co. Ltd.
E.SUN Commercial Bank Ltd.
First Commercial Bank Ltd.
Hua Nan Commercial Bank Ltd.
Land Bank of Taiwan
Mega International Commercial Bank Co. Ltd.
Shanghai Commercial & Savings Bank Ltd. (The)
Taipei Fubon Commercial Bank Co. Ltd.
Taiwan Cooperative Bank Ltd.
Taishin International Bank Co. Ltd.
Bangkok Bank Public Co. Ltd.
Krung Thai Bank Public Co. Ltd.
Siam Commercial Bank Public Co. Ltd.
TMB Bank Public Co. Ltd.
Abu Dhabi Commercial Bank
First Abu Dhabi Bank
HSBC Holdings PLC§
Lloyds Banking Group PLC§
Nationwide Building Society
NatWest Group plc§
Standard Chartered PLC§
Virgin Money UK PLC§
Ally Financial Inc.†
American Express Co.§
Bank of America Corp.§
Bank of New York Mellon Corp.§
Capital One Financial Corp.§
Citizens Financial Group, Inc.§
Discover Financial Services§
Fifth Third Bancorp§
First Horizon Corp.§
First Republic Bank
Goldman Sachs Group Inc. (The)§
Huntington Bancshares Inc.§
JPMorgan Chase & Co.§
Northern Trust Corp.§
PNC Financial Services Group, Inc. (The)§
State Street Corp.§
Truist Financial Corp.§
Wells Fargo & Co.§
Zions BanCorp., N.A.
| 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.