[RastaMan]

G'day mate.

Does anybody know where I can find the (S&P or Moody's) ratings of different banks? I haven't been able to find a link on the net. I am thinking of transferring all my banking stuff to BEA, but I wonder how its rating compares to ICBC, Hang Seng, and HSBC.

Thanks.

[freeier]

hahaaa..
u are getting interesting.
so does it mean that if IXIS Bank (french) has a better (AAA) rating than Citibank (AA) you would put money into IXIS even if they give you lower rates ?

I think for local depositors the risk of losing deposit is almost close to zero. either thru some insurance or thru guarantee by the authority.

bea might not have a rating. you only get one if you want to issue commercial papers. check their website under 'investor relationship'.. if they have one they would put it in. or do a google and look for BEA bonds.

ok i found this:
http://www.alacrastore.com/storecontent/spcred/548317
for USD 180 a pop you get to read the professional assessment of BoEA whether they have potential of a rating downgrade.

[RastaMan]

Originally Posted by freeier

so does it mean that if IXIS Bank (french) has a better (AAA) rating than Citibank (AA) you would put money into IXIS even if they give you lower rates ?

Why, yes. Isn't that the whole point of ratings? Why do people pay to know companies ratings? Why do companies with better ratings need to offer lower interest rates?

Originally Posted by freeier

I think for local depositors the risk of losing deposit is almost close to zero. either thru some insurance or thru guarantee by the authority.

Good to know!

Originally Posted by freeier

ok i found this:
http://www.alacrastore.com/storecontent/spcred/548317
for USD 180 a pop you get to read the professional assessment of BoEA whether they have potential of a rating downgrade.

Anybody has 180 bucks to spare?

[jimbo]

Originally Posted by RastaMan

Anybody has 180 bucks to spare?

Hmmm nigerian money not come through yet?

[freeier]

i think most local authorities offer some form of compensation to depositors by way of deposit insurance or other means if the amount of deposit is low (e.g. hkd 100,000 or lesser). this is meant to protect the poorer locals that would have no means to know whether the bank they put the money in is safe.

ratings are usually used if you intend to buy maybe USD 10mil or more bond of the bank. then the rating come into play. or between transacting banks for their own risk paper work process.

just buy the 180USD report, its well worth the money when you can sleep better knowing your savings are safe.

[RastaMan]

I would also want to know the rating of a bank if I put all my savings into it...

I just made 360 bucks (money saved is worth twice the money earned).

Moody's rating of BEA is A3 (http://www.hkbea.com/FileManager/EN/...0051110e1.pdf),
S&P rating of BEA is A- (http://www.hkbea.com/FileManager/EN/...ate_030706.pdf)

Doesn't sound good?

Moody's rating of ICBC is D- (just upgraded from E+) http://www.finanznachrichten.de/nach...el-7414272.asp

Nigerian money coming soon. Just need to sort out one last paper work.
So now I am looking for a safe bank to put my money!