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S&P Credit Research1177 word report
published Oct 01, 2008
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S&P Credit Research
| Abstract: | On Sept. 30, 2008, Standard&Poor's Ratings Services revised the outlooks to stable from negative on the core entities of Belgium-based banking group Dexia S.A.: Dexia Crédit Local, Dexia Bank S.A., Dexia Banque Internationale à Luxembourg, and Dexia Crediop SpA. At the same time, we affirmed the 'AA-/A-1+' long- and short-term counterparty ratings on the entities. The outlook revision reflects our expectations that further government support could take place in case of need. The affirmation of the 'AA-' rating takes into account Dexia's stand-alone creditworthiness and in particular its much improved capital position following a €6.4 billion capital injection decided by the governments of France, Belgium, and Luxembourg, as well as Belgian regional governments and institutional shareholders. In our
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| Brief Excerpt: | RESEARCH Ratings Definitions Research Update: S&PCORRECT: Dexia Core Entities Outlooks To Stable From Neg On Governments' Capital Injection Publication date: 01-Oct-2008 Primary Credit Analyst: Taos Fudji, Milan (39) 02-72111-276;...
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| Report Type: | Research Update
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| Sector: | Global Issuers, Public Finance, Structured Finance
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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.
