| Title: | Credit du Nord S.A. |
| Price: | $400.00 |
| Publication Date: | Sep 20, 2002 |
| Report Type: | Full Report |
| Abstract: | The ratings on Crédit du Nord S.A. (CDN) and three of its subsidiaries are based on the bank's strategic importance to its parent company, Société Générale (AA-/Stable/A-1+). The ratings also reflect CDN's satisfactory asset quality and profitability, and adequate capitalization. The ratings on French bank Société Générale reflect the group's good commercial position, diversified sources of income, satisfactory asset quality, and good core profitability and capital base. The acquisition of CDN in 1997 consolidated Société Générale's position as the fourth-largest retail network in France, and met its key objective of increasing its domestic market share. In December 1999, 20% of CDN's capital was sold to the Dexia group, and a partnership agreement was signed to develop services offered to French |
| Brief Excerpt: | RESEARCH Ratings Definitions Credit du Nord S.A. Publication date: ##-Sep-#### CREDIT RATING ##/Stable/### Outstanding Rating(s) Counterparty Credit ##/Stable/### Certificate of deposit ##/### Senior unsecured Local currency ## Credit... |
| Word Count: | 7390 |
| Ticker: | 211502Z@FP |
| Issuer: | Credit du Nord S.A. |
| GICS: | Diversified Banks (40101010) |
| Sector: | Global Issuers, Structured Finance, Public Finance, Utilities, Insurance, Corporations, Financial Institutions, Asset-Backed Commercial Paper, Asset-Backed Securities, Commercial MBS, Residential MBS, Collateralized Debt Obligations |
| Country: | France |
| Region: | Europe, Middle East, Africa |
| Format: | 
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