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

Credit du Nord S.A.

Credit du Nord S.A. - S&P Credit Research
Credit du Nord S.A.
Published Dec 17, 2010
4312 words — Published Dec 17, 2010
Price US$ 500.00  |  Buy this Report Now

About This Report


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

Report Type:

Full Report

Diversified Banks (40101010)
Global Issuers, Public Finance, Structured Finance
Europe, Middle East, Africa
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Summary: Credit du Nord S.A. – 2010/12/17 – US$ 225.00

Credit du Nord S.A. – 2009/12/03 – US$ 500.00

Summary: Credit du Nord S.A. – 2009/12/03 – US$ 225.00

Credit du Nord S.A. – 2008/12/10 – US$ 500.00

Summary: Credit du Nord S.A. – 2008/12/10 – US$ 225.00

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S&P Credit Research. "Credit du Nord S.A." Dec 17, 2010. Alacra Store. Feb 12, 2016. <>
S&P Credit Research. (). Credit du Nord S.A. Dec 17, 2010. New York, NY: Alacra Store. Retrieved Feb 12, 2016 from <>
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