BICRA

AcronymDefinition
BICRABanking Industry Country Risk Assessment (Standard & Poor's)
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Standard & Poor's uses the BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating to a bank under our bank criteria.
A BICRA is scored on a scale from 1 to 10, ranging from the lowest-risk banking systems (group 1) to the highest-risk (group 10).
Our criteria define the BICRA framework as one "designed to evaluate and compare global banking systems.
The agency said the BICRA change reflected a moderate improvement in Turkey's economic stability and its credit risk profile as well as an improvement in banking regulations and reduced lending share of poor performing state-owned banks.
Our bank criteria use our BICRA economic risk and industry risk scores to determine a bank's anchor, the starting point in assigning an issuer credit rating.
In the GCC, S&P affirmed the BICRA score on Qatar at 4, changed the BICRA score on Kuwait and Oman from 5 to 4, Saudi Arabia from 3 to 2, UAE from 4 to 5 and Bahrain from 5 to 6.
The BICRA framework evaluates and compares global banking systems, and covers a country's rated and unrated financial institutions.
The rating actions on domestically owned banks reflect the reassessment of Ireland's BICRA and the different notches of extraordinary backing factored into their ratings, with expectations that the state support could shrink further, S&P said.
In the GCC, it affirmed the BICRA score on Qatar at 4, changed the score on Kuwait and Oman from 5 to 4, Saudi Arabia was amended from 3 to 2, UAE from4to5andBahrainfrom5to6.
Standard and Poor's lowered Austria's banking industry country risk assessment, BICRA, to Group 2 from Group 3.
At the same time, the rating agency maintained its economic and industry risk scores of '5' for UAE, and continue to classify the country in BICRA group '5'.
The BICRA groups summarise S&Ps views of particular country's banking risks and how those risks compare to those in other countries' banking industries.