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S&P Credit Research673 word report
published Jan 24, 2008
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S&P Credit Research
| Abstract: | 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., Banque Tarneaud S.A., and Banque Kolb S.A.--on CreditWatch with negative implications. At the same time, we affirmed the 'A-1+' short-term rating on CDN. These CreditWatch placements followed that on CDN's parent Societe Generale after the bank announced a €4.9 billion trading loss and a €2 billion write-down on its collateralized debt obligation and indirect bond insurer exposure. For further details, see "Societe Generale 'AA' Long-Term Rating Placed On CreditWatch Negative On Trading Loss News," published Jan. 24, 2008, on RatingsDirect. Standard&
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: CrA¬dit du Nord '##' Rating And '##-/A-1+' Ratings On Three Subs On Watch Neg Re SocGen Loss Publication date: 24-Jan-2008 Primary Credit Analyst: Pierre Gautier, Paris (33) 1-4420-6711;...
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| Report Type: | Research Update
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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: | Financial Institutions, Global Issuers
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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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| Format: | | HTML |  |
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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 ...
- 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 ...
- 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+). Also reflected in the ratings are CDN's ...
