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S&P Credit Research1088 word report
published Oct 06, 2008
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S&P Credit Research
| Abstract: | PARIS (Standard&Poor's) Oct. 6, 2008--Standard&Poor's Ratings Services said today that it revised its outlook on French banking group BNP Paribas to negative from stable. At the same time, we affirmed our 'AA+/A-1+' long- and short-term counterparty credit ratings on the bank. "The outlook revision follows BNP Paribas' announced acquisition of the bulk of recently nationalized Belgian-Dutch banking group Fortis' operations outside the Netherlands," said Standard&Poor's credit analyst Bernard de Longevialle. BNP Paribas is buying a majority stake in Fortis' banking units in Belgium and Luxembourg, Fortis Bank SA/NV and Fortis Banque Luxembourg S.A., the Belgian insurance division, and the group's international banking franchises, for a total share-and-cash deal of €14.5 billion. The group will
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| Brief Excerpt: | RESEARCH Ratings Definitions BNP Paribas Outlook To Negative On aé¼14.5 Bil Fortis Acquisition; '##+/A-1+' Ratings Affirmed Publication date: 06-Oct-2008 Primary Credit Analyst: Bernard de Longevialle, Paris (33) 1-4420-7334; bernard_delongevialle@stand...
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| Report Type: | Ratings Action
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| Ticker: | BNP@FP
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| Issuer: | BNP Paribas
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| GICS: | Diversified Banks (40101010)
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| Sector: | Global Issuers, Public Finance, Structured Finance
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| Country: | France
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| Region: | United States
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| Free Sample: |
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S&P Credit Research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.
Also from S&P Credit Research
- Bulletin: BNP Paribas Ratings Unchanged Following Capital Increase And Repayment Of French Government Preferred Share Aid $100.00
PARIS (Standard&Poor's) Sept. 29, 2009--Standard&Poor's Ratings Services said that its ratings remain unaffected on BNP Paribas (AA/Negative/A-1+) after the bank announced today that it will launch a €4.3 billion capital increase and simultaneously ...
- Summary: BNP Paribas $175.00
The ratings on French banking group BNP Paribas reflect its strong and highly diversified business profile, sound financial position, good management, and moderate risk appetite. The ratings are constrained by the group's very large credit ...
- Ratings On Five Bond Issues Supported By BNP Paribas LOCs Affirmed And Removed From CreditWatch Positive $100.00
NEW YORK (Standard&Poor's) July 31, 2009--Standard&Poor's Ratings Services today affirmed its ratings on five bond issues supported by BNP Paribas's letters of credit (LOCs) and removed the ratings from CreditWatch with positive implications, ...
- Ratings Assigned To First Issuance Under BNP Paribas Public Sector SCF Covered Bond Program $100.00
LONDON (Standard&Poor's) June 16, 2009--Standard&Poor's Ratings Services has assigned a 'AAA' credit rating to the first issuance of €1 billion fixed-rate Obligations Foncières (OFs) (French covered bonds) to be issued by BNP Paribas Public ...
- Summary: BNP Paribas $175.00
The ratings on French banking group BNP Paribas reflect its strong and highly diversified business profile, sound financial position--characterized by contained risk, satisfactory profitability, adequate capitalization, and satisfactory financial ...
- BNP Paribas $400.00
Extremely strong and highly diversified business profile Diversified earnings stream and good cost management Stable management team Moderate risk appetite, strong risk culture, and overall satisfactory asset quality Large capital market activities, ...
- Summary: BNP Paribas $175.00
The ratings on French banking group BNP Paribas reflect its strong and highly diversified business profile; sound financial position, characterized by contained risk, satisfactory profitability, adequate capitalization, and satisfactory financial ...
- Ratings On 21 BNP Paribas LOC-Supported Bonds Lowered; One Rating Put On CreditWatch Negative $100.00
NEW YORK (Standard&Poor's) Jan. 30, 2009--Standard&Poor's Ratings Services today lowered its ratings on 21 BNP Paribas letter of credit (LOC)-supported bond issues and removed the ratings from CreditWatch with negative implications, where they ...
