Bank reviews will not affect credit ratings, says S&P

The credit ratings agency, Standard & Poor’s, does not expect any major capital holes to emerge during the comprehensive assessment of eurozone banks over the course of 2014.

“That’s because we already recognise weaknesses in capital and asset quality in current ratings, and because we would expect some banks to adjust regulatory capital positions before the Oct 2014 announcement of results,” Standard & Poor’s credit analyst Osman Sattar said in the report.

“S&P expects that the ECB’s review of eurozone banks will have a limited impact on ratings.”