Fitch Report: EMEA Corporates’ Exposure to Their Bank Groups

Fitch Rating has published an analysis of average bank group strength and lending concentration for a broad sample of its rated Europe, Middle East and Africa (EMEA) corporate portfolio. The report looks at average lending group strengths based on bank viability ratings (VRs), Fitch’s proprietary measures of standalone bank strength excluding sovereign support.

In aggregate, committed facilities from banks represented 43% of available incremental 2011 liquidity for European corporates in Fitch’s most recent Liquidity Study (1 December 2011), with the banking sector remaining under pressure.

The study also includes the impact of a hypothetical stress case scenario which reduces the VRs of the largest lending groups in Spain, Italy and France from current levels to bbb, and a look at average concentration levels within bank lending groups for corporates.


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