S&P says Basel III rules likely would not affect bank ratings

03/5/2010 | Reuters

Standard & Poor's said proposed rules bolstering banks' capital requirements, dubbed Basel III, likely would not have material effects on those banks' credit ratings. "At this early stage, we do not expect that Basel III, once implemented, would likely have a material impact on our bank ratings, which are partly predicated on capitalisation being strengthened before governments reduce their support of the banking system," said Richard Barnes, a credit analyst at S&P.

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