With more than 40 of the top 50 banks from last year once again making the list, the Global Finance ranking shows that most of the top echelon of banks are truly worthy of the moniker Worlds Safest Bank. Winners were selected through an evaluation of long-term credit ratingsfrom Moodys, Standard & Poors and Fitchand total assets of the 500 largest banks worldwide.
Global Finances annual ranking of Worlds 50 Safest Banks is a recognized and trusted standard of creditworthiness for the entire financial world. Counterparty creditworthiness is a critical issue for companies and investors worldwide, says Global Finance publisher Joseph D. Giarraputo. More than ever, companies around the world are reevaluating the long-term credit strength of their banks, and partnering with only those banks that have proven strength and stability.