The following is a statement in financial from president and CEO of Samba Bank on behalf of directors to Shareholders: “As a result of strong liquidity position and its strategic direction, your bank’s medium to long term credit rating maintained as A (single A) whereas its short term rating remained as A-1 (A-One) as issued by JCR-VIS Credit rating Agency. These long and short term ratings, respectively, denote the low credit risk due to the adequate credit quality with reasonable protection…..” Required: Explain in detail that how samba bank would have been able to achieve such high credit quality.
The following is a statement in financial from president and CEO of Samba Bank on behalf of directors to Shareholders: “As a result of strong liquidity position and its strategic direction, your bank’s medium to long term credit rating maintained as A (single A) whereas its short term rating remained as A-1 (A-One) as issued by JCR-VIS Credit rating Agency. These long and short term ratings, respectively, denote the low credit risk due to the adequate credit quality with reasonable protection…..” Required: Explain in detail that how samba bank would have been able to achieve such high credit quality.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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The following is a statement in financial from president and CEO of Samba Bank on behalf of directors to Shareholders:
“As a result of strong liquidity position and its strategic direction, your bank’s medium to long term credit rating maintained as A (single A) whereas its short term rating remained as A-1 (A-One) as issued by JCR-VIS Credit rating Agency. These long and short term ratings, respectively, denote the low credit risk due to the adequate credit quality with reasonable protection…..”
Required:
Explain in detail that how samba bank would have been able to achieve such high credit quality.
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