Little impact from bank criteria change expected, says S&P

A change in S&P's bank ratings methodology will have limited impact on the sector, the agency said on Tuesday after it published new criteria for incorporating additional loss-absorbing capacity (ALAC). The rating agency placed 57 issuers under "criteria observation", with the majority of those being European banks in the UK and Germany, including Barclays Bank, Commerzbank (Xetra: CBK100 - news) , Deutsche Bank (Xetra: 514000 - news) , HSBC and Standard Chartered (Other OTC: SCBFF - news) . Onl