Credit du Nord S.A. - S&P Credit Research

Credit du Nord S.A.

4315 words — Published Dec 17, 2010
Price $400.00  |  Buy this Report Now

About This Report

  
Abstract:

Core business status within parent bank Société Générale. Robust commercial franchise enhanced by Société Marseillaise de Crédit's recent acquisition. Satisfactory profitability in light of the risk profile. Sound liquidity position. Moderate geographic and business diversification by national standards. Higher credit risk profile than domestic peers, essentially because of a large small and midsize enterprise book. Moderate postacquisition capital position. The ratings on France-based Credit du Nord S.A. (CDN) primarily reflect Standard&Poor's Ratings Services' view of the bank's core position within the domestic retail-banking activities of its parent Société Générale (SocGen; A+/Stable/A-1). Also factored in the ratings are CDN's good retail franchise and overall sound stand-alone financial profile. The ratings on three of CDN's subsidiaries--Banque Rhône Alpes S.A., Banque

  
Brief Excerpt:

RESEARCH Ratings Definitions PDF Credit du Nord S.A. Publication date: 17-Dec-2010 Primary Credit Analyst: Simon Outin, Paris 33 1 44 20 7377; simon_outin@standardandpoors.com Secondary Contact: Sylvie Dalmaz, Paris (33) 1-4420-6682;...

  
Report Type:

Full Report

Ticker
211502Z@FP
Issuer
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
Region
Europe, Middle East, Africa
Format:
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Summary: Credit du Nord S.A. – 2010/12/17 – $175.00

Credit du Nord S.A. – 2009/12/03 – $400.00

Summary: Credit du Nord S.A. – 2009/12/03 – $175.00

Credit du Nord S.A. – 2008/12/10 – $400.00

Summary: Credit du Nord S.A. – 2008/12/10 – $175.00

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Cite this Report

  
MLA:
S&P Credit Research. "Credit du Nord S.A." Dec 17, 2010. Alacra Store. Jul 30, 2014. <http://www.alacrastore.com/s-and-p-credit-research/Credit-du-Nord-S-A-838755>
  
APA:
S&P Credit Research. (). Credit du Nord S.A. Dec 17, 2010. New York, NY: Alacra Store. Retrieved Jul 30, 2014 from <http://www.alacrastore.com/s-and-p-credit-research/Credit-du-Nord-S-A-838755>
  
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