Fitch Ratings is holding a teleconference to discuss sovereign support for banks globally and give an update on rating paths on Friday 28 March, at 15:00 GMT/16:00 Central European time/11:00 US Eastern time.
Fitch has today published a special report entitled "Sovereign Support for Banks'- Rating Path Expectations", which summarises Fitch's views on the evolution of sovereign support for banks globally. This follows a global review of bank support which led to the publication of a number of rating actions yesterday.
The rating actions included "Fitch Revises Outlooks on 18 EU Banks to Negative on Weakening Support," Fitch Revises Outlooks on 18 EU State-Sponsored Banks to Negative on Weakening Support," "Fitch Affirms SRFs of 64 EMEA Banks; Downward Revisions Likely for Most due to Weakening Support", " "Fitch Affirms Support Rating Floors of 5 HK Banks, Downward Revisions Likely," "Fitch Affirms Support Ratings and Support Rating Floors for BNY Mellon, State Street and Wells Fargo" and "Fitch Affirms Support Ratings and Support Rating Floors for Large Canadian Banks," dated 26 March 2014 and available at http://click.fitchemail.fitchratings.com/?qs=44e03825884226abce8f08c25624c8afd52732fdc082c1392b0447b183147b2b).
Fitch has also published a report entitled "US Bank Holdcos and Opcos: Evolving Risk profiles", which considers the potential implications of single point of entry resolution.
The following Fitch analysts will speak on the call:
James Longsdon, Co-Head of EMEA Financial Institutions
Bridget Gandy, Co-Head of EMEA Financial Institutions
Joo-Yung Lee, Managing Director, US Financial Institutions
There will be time for Q&A. Participants can send questions in advance to steve.hooks@fitchratings.com
Teleconference details:
Date: Friday 28 March 2014
Time: 15:00 GMT
Callers must register in advance using the link below and are requested to dial in early:
http://event.onlineseminarsolutions.com/r.htm?e=773507&s=1&k=E99B5BCE23C11883F75DA40C4B1FED21
A replay will be available at http://click.fitchemail.fitchratings.com/?qs=44e03825884226abce8f08c25624c8afd52732fdc082c1392b0447b183147b2b, under Fitch Events >Past Events.
Contacts:
James Longsdon
Managing Director
+44 203 530 1095
Fitch Ratings Limited
30, North Colonnade,
London
Steve Hooks
Director (Business Relationship Management)
+44 203 530 1383
Media Relations: Brian Bertsch, New York, Tel: +1 212-908-0549, Email: brian.bertsch@fitchratings.com; Hannah Huntly, London, Tel: +44 20 3530 1153, Email: hannah.huntly@fitchratings.com.
Additional information is available at http://click.fitchemail.fitchratings.com/?qs=44e03825884226abce8f08c25624c8afd52732fdc082c1392b0447b183147b2b.
Applicable Criteria and Related Research:
U.S. Bank HoldCos & OpCos: Evolving Risk Profiles
Sovereign Support For Banks: Rating Path Expectations
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