Groupe Caisse dÆEpargne - Credit Update - 2009/06/29 - Fitch Research

Report title: Groupe Caisse dÆEpargne

from Fitch Research
1 page (800 word) report published Jun 29, 2009

Price $165.00 available for immediate download

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...Groupe Caisse d'Epargne's (GCE) ratings are all based on the assumption of the completion of the merger with Groupe Banque Populaire (GBP) to create a new group (`Groupe BPCE' GBPCE) in July 2009. While the Issuer Default Ratings (IDRs) are driven by support from the French state, the Individual Rating reflects GBPCE's large size and impressive domestic retail franchise, as well as the ongoing troubles at Natixis (the wholesale lending, investment banking and specialised services bank jointly owned by GCE and GBP) and the significant operational challenges associated with the merger. + ...

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Credit Update

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Groupe Caisse d'Epargne

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