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BICRA groups summarize Standard & Poor's view of the risks that a bank operating in a particular country and banking industry faces relative to those in other banking industries.
The ratings agency upgraded the Kingdom's banking system rating, assigning it a Banking Industry Country Risk Assessment (BICRA) rating of 2.
In a report published Thursday that maintained Lebanon's banking sector rating as BB negative, the agency said Lebanon scored respectively 9 -- extremely high risk -- and 6 -- high risk -- on the two main BICRA components, economic and industry risk.
Rating agency Standard & Poors (S&P) revised its BICRA (Banking Industry Country Risk Assessment) methodology and affirmed its score on Qatar at 4, but 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.
In contrast to Moody's downgrade, Standard & Poor's (S&P) Ratings Services recently revised upwards India's banking industry country risk assessment (Bicra) to group EoACAy5' from group EoACAy6', making it part of a group of countries including China, Portugal, Thailand and Turkey, it said.
S&P's has given Egypt's banks a Banking Industry Country Risk Assessment (BICRA) score of 8 out of 10, reflecting what it says are the country's risks in resilience, credit and economic imbalances.
9, 2011, Standard & Poor's Ratings Services said that it is maintaining its Banking Industry Country Risk Assessment (BICRA) on Tunisia at group '8'.
ANKARA, Apr 22, 2010 (TUR) -- International ratings agency Standard&Poor's said on Wednesday it revised its Bank Industry Country Risk Assessment (BICRA) on banking system of Turkey to Group 6 from Group 7.
AoThe medium-term outlook for JordanAAEs economy remains in our view good, however.Ao Standard & PoorAAEs currently ranks JordanAAEs banking system in group 8 of its global Banking Industry Country Risk Assessment framework (BICRA; out of 10, 1 is the strongest).
"The upgrade of the S&P Global Ratings Banking Industry Country Risk Assessment (BICRA) of the Philippines also contributed to the optimism," said the BSP.
The debt watcher raised the country's Banking Industry Country Risk Assessment (BICRA) to 5 from 6 due to the favorable provisions of Republic Act 11211 or an act amending RA 7653 otherwise known as "The New Central Bank Act" signed by President Duterte last Feb.
In particular, the Philippine banking system has been recategorized into 'Group 6' from earlier 'Group 7' in their Banking Industry Country Risk Assessment (Bicra) on the country.