Magazine article Global Finance

Commercial Rankings Stirred, Not Shaken

Magazine article Global Finance

Commercial Rankings Stirred, Not Shaken

Article excerpt

While Swedes gained some ground and Singaporeans lost some, most of the changes in this year's Safest Commercial Banks ranking moved the entrants just a few places up or down.

TD Bank retains its position as the safest commercial bank in the world, with two AA- ratings and a AA+. Germany's DZ Bank moves into second place, following an upgrade from Moody's. Svenska Handelsbanken moves into fourth place, following an upgrade from Fitch.

As a result, the three big Singaporean banks no longer hold the second, third and fourth positions they have enjoyed in recent years, although they remain near the top of the Commercial Banks ranking. DBS is now ranked third, Oversea-Chinese Banking Corporation is fifth, and United Overseas Bank is six. All three hold the same ratings agency assessments as they did last year.

Our Safest Commercial Banks ranking comprises banks that are not majority-owned by governments and not sponsored by governments or regional bodies. The methodology for calculating the scores is the same as that used for our Safest Global and Safest Emerging Markets rankings.

There are five new entries in this year's Commercial Bank rankings. UBS comes in at 38, following upgrades by both Moody's and S&P. Korea's Shinhan Bank enters at 42, following an upgrade by S&P, and ING enters at 50, following an upgrade by Moody's. Two German banks excluded in recent years due to insufficient asset sizes, BB Bank and TeamBank, placed at 34 and 35 in this year's ranking. …

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