...Very Diverse Business Model: CrTdit Agricole's (CA) ratings reflect the group's very diverse business model and leading franchise in multiple segments, a low risk appetite and sound asset quality, resilient profitability as w ell as its strong capitalisation and funding profile. Cooperative Structure: CA is a cooperative banking group bound by solidarity mechanisms comprising its 39 regional banks (caisses rTgionales; CRs), CrTdit Agricole S.A. (CA S.A., the partially listed central body) and CrTdit Agricole Corporate and Investment Bank (CACIB). Fitch Ratings has the same Issuer Default Ratings (IDRs) for CA, CA S.A. and CACIB as a result. Leading Franchise s: The group has a leading franchise in retail and commercial banking in France. CA is also the largest European asset manager through Amundi and the second- largest life insurer in France through CrTdit Agricole Assurances (CAA), w hich are sources of recurring earnings. CA's strategy is to strengthen the group's market positions,...
