| Title: | Summary: Credit Municipal de Paris |
| Price: | $175.00 |
| Publication Date: | Apr 29, 2008 |
| Report Type: | Summary |
| Abstract: | The ratings on pawnbroker Crédit Municipal de Paris (CMP; A+/Stable/A-1) and 100% consumer finance subsidiary CMP-Banque (A+/Stable/A-1) reflect the entities' close control and supervision by the City of Paris (AAA/Stable/--), and resulting implicit support from the latter. 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 are CMP-Banque's lack of commercial efficiency and decline in outstanding loans, plus its well-below-average financial profile. Standard&Poor's views positively the group's refocused strategy, which calls for an improvement in commercial organization and development under |
| Brief Excerpt: | RESEARCH Ratings Definitions Summary: Credit Municipal de Paris Publication date: ##-Apr-#### Primary Credit Analyst: Francois Moneger, Paris (##) #-####-####; francois_moneger@standardandpoors.com Secondary Credit Analyst: Cedric... |
| Word Count: | 879 |
| Ticker: | 225218Z@FP |
| Issuer: | Credit Municipal de Paris |
| GICS: | Consumer Finance (40202010) |
| Sector: | Global Issuers, Financial Institutions |
| Country: | France |
| Region: | Europe, Middle East, Africa |
| Format: | 
HTML
|
| Free Sample: |
Click
Here
to Download
|
Looking For Something Else?
