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S&P Credit Research884 word report
published Sep 29, 2009
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S&P Credit Research
| Abstract: | 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 repay all the €5.1 billion in preferred shares the bank issued to the French government. "We view positively this transaction that will reinforce the quality of BNP Paribas' capital base and its capital ratio, under our own measures," said Standard&Poor's credit analyst Elisabeth Grandin. On a pro forma basis, the transaction reduces the bank's Tier 1 ratio to 9.1% from 9.3% on June 30, 2009. Over 2009, BNP Paribas' Tier 1 capital base will remain nearly stable on a pro forma
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| Brief Excerpt: | RESEARCH Ratings Definitions Bulletin: BNP Paribas Ratings Unchanged Following Capital Increase And Repayment Of French Government Preferred Share Aid Publication date: 29-Sep-2009 Primary Credit Analyst: Elisabeth Grandin, Paris...
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| Report Type: | Bulletin
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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.
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