| Title: | Summary: CMP-Banque |
| Price: | $175.00 |
| Publication Date: | Apr 29, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on consumer finance subsidiary CMP-Banque reflect its 100% ownership and core position within Credit Municipal de Paris (CMP; A+/Stable/A-1), as well as the CMP group's close control and supervision by the City of Paris (AAA/Stable/--) and resulting implicit support from the latter. CMP-Banque started operations in early 2005, after receiving all of CMP's nonstatutory monopolistic banking operations. CMP-Banque accounted for 88% of group outstanding loans and 74% of revenues in 2006. CMP's public entity status grants it an ultimate--though not timely--guarantee from the city. Therefore Standard&Poor's Ratings Services believes that CMP-Banque's core role within the CMP group ensures it equivalent implicit support. Another positive rating factor is the group's refocused and coherent strategy. Constraining the ratings |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: CMP-Banque Publication date: ##-Apr-#### Primary Credit Analyst: Francois Moneger, Paris (##) #-####-####; francois_moneger@standardandpoors.com Secondary Credit Analyst: Cedric Moulucou, Paris... |
| Word Count: | 914 |
| Issuer: | CMP-Banque |
| Sector: | Global Issuers, Financial Institutions |
| Country: | France |
| Region: | Europe, Middle East, Africa |
| Format: | 
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