EUROPE - Standard & Poor's, the global rating agency has said that Commerzbank's weak performance in 2001 had been expected and reflected in its recent rating action.
Standard & Poor's expects a prolonged restructuring process, which is unlikely to be completed before 2003. Because operating profits are expected to remain depressed in 2002, progress of managemen...
To continue reading this article...
Join Professional Pensions
Become a Professional Pensions Lite Member today
In just a few clicks you can start your free Professional Pensions Lite membership for 12 months, providing you access to:
- Three complimentary articles per month covering the latest real-time news, analysis and opinion from the industry
- Receive important and breaking news stories via our two daily news alerts
- Hear from industry experts and other forward-thinking leaders
Are you a trustee, investment consultant or in-house pension and benefit scheme professional? You can apply for full complimentary access here
