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S&P Credit Research7390 word report
published Sep 20, 2002
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S&P Credit Research
| Abstract: | The ratings on CrThe ratings on Crédit du Nord S.A. (CDN) and three of its subsidiaries are based on the bank's strategic importance to its parent company, Société Générale (AA-/Stable/A-1+). The ratings also reflect CDN's satisfactory asset quality and profitability, and adequate capitalization. The ratings on French bank Société Générale reflect the group's good commercial position, diversified sources of income, satisfactory asset quality, and good core profitability and capital base. The acquisition of CDN in 1997 consolidated Société Générale's position as the fourth-largest retail network in France, and met its key objective of increasing its domestic market share. In December 1999, 20% of CDN's capital was sold to the Dexia group, and a partnership agreement was signed to develop services offered to French
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| Brief Excerpt: | RESEARCH Ratings Definitions Credit du Nord S.A. Publication date: 20-Sep-2002 CREDIT RATING A+/Stable/A-1 Outstanding Rating(s) Counterparty Credit A+/Stable/A-1 Certificate of deposit A+/A-1 Senior unsecured Local currency A+ Credit...
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| Report Type: | Full Report
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| Ticker: | 211502Z@FP
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| Issuer: | Credit du Nord S.A.
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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: | Europe, Middle East, Africa
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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
- Credit du Nord S.A. $400.00
Core business status within parent Société Générale Benefits derived from SocGen's risk management oversight Good commercial franchise in the French retail market Satisfactory earnings generation even amid turbulent market environment Satisfactory ...
- Summary: Credit du Nord S.A. $175.00
The ratings on France-based Credit du Nord S.A. (CDN) primarily reflects the bank's core position within the domestic retail-banking activities of its parent Société Générale (SocGen; AA-/Negative/A-1+), as well as its good retail franchise ...
- Summary: Credit du Nord S.A. $175.00
The ratings on France-based Crédit du Nord S.A. (CDN) primarily reflect the bank's core status within the domestic retail-banking activities of its parent, Société Générale (SocGen; AA-/Negative/A-1+), as well as a good retail franchise and ...
- Crédit du Nord 'AA' Rating And 'AA-/A-1+' Ratings On Three Subs On Watch Neg Re SocGen Loss $100.00
PARIS (Standard&Poor's) Jan. 24, 2008--Standard&Poor's Ratings Services said today that it placed its 'AA' long-term counterparty credit rating on French bank Crédit du Nord S.A. and the 'AA-/A-1+' long- and short-term ratings on three of CDN's ...
- Research Update: Crédit du Nord 'AA' Rating And 'AA-/A-1+' Ratings On Three Subs On Watch Neg Re SocGen Loss $175.00
On Jan. 24, 2008, Standard&Poor's Ratings Services placed its 'AA' long-term counterparty credit rating on French bank Crédit du Nord S.A. and the 'AA-/A-1+' long- and short-term ratings on three of CDN's subsidiaries--Banque Rhône Alpes S.A., ...
- Summary: Credit du Nord S.A. $175.00
The ratings on France-based Crédit du Nord S.A. (CDN) are based on the bank's core status within the domestic retail-banking activities of its parent company, Société Générale (SocGen; AA/Stable/A-1+), as well as its good retail franchise and ...
- Credit du Nord S.A. $400.00
Core business status within parent Société Générale Good commercial franchise in the French retail market Strong and recurring earnings generation Satisfactory capitalization Benefits derived from integration within SocGen's strong risk management ...
- Credit du Nord S.A. $400.00
Core position within parent Société Générale Good commercial franchise in the French retail market, sustained by high customer satisfaction Strong and recurring earnings generation Satisfactory capitalization Higher-than-average credit risk ...
