from
S&P Credit Research866 word report
published Apr 22, 2008
Price
$175.00 available for immediate download
Report Overview
Search Inside
About
S&P Credit Research
| Abstract: | 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 solid stand-alone financial profile. The ratings on CDN stand two notches above the bank's stand-alone creditworthiness. The ratings on three of CDN's subsidiaries--Banque Rhône Alpes S.A., Banque Tarneaud S.A., and Banque Kolb S.A. (all A+/Negative/A-1)--factor in their close integration with their direct parent CDN and their overall satisfactory financial profile. The ratings on SocGen above all reflect its strong business profile, good strategy, and strong financial profile. Despite the bad publicity surrounding the bank's €4.9 billion rogue trading loss revealed in January 2008, we consider
|
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Credit du Nord S.A. Publication date: 22-Apr-2008 Primary Credit Analyst: Pierre Gautier, Paris (33) 1-4420-6711; pierre_gautier@standardandpoors.com Secondary Credit Analyst: Elisabeth Grandin,...
|
| Report Type: | Summary
|
| Ticker: | 211502Z@FP
|
| Issuer: | Credit du Nord S.A.
|
| GICS: | Diversified Banks (40101010)
|
| Sector: | Financial Institutions, Global Issuers
|
| Country: | France
|
| Region: | Europe, Middle East, Africa
|
| Free Sample: |
Click Here to Download
|
| Format: | | HTML |  |
|
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 ...
- 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 ...
- 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 ...
