...IDRs Equalised With Parent's: CrTdit Agricole Corporate and Investment Bank (CACIB) is part of CrTdit Agricole's (CA, A/Positive) cross-support mechanism according to the French Financial and Monetary Code. Fitch Ratings assigns the same Long- and Short-Term IDRs as those assigned to CA, but no Viability Rating or Support Rating, to entities that benefit from the cross-support mechanism. CA's Commitment to Support: CrTdit Agricole S.A. (CA S.A., A/Positive), CA's listed central body, is responsible for ensuring that CACIB meets its liquidity and solvency requirements at any time. The central body has access to the resources of all group entities that are part of the cross-support mechanism to do this. Strong Integration With CA: CACIB is highly integrated into CA as its strategy, management, risk policies, internal control and IT systems are aligned with CA's. In addition, CACIB is fully owned by CA S.A.; any sale is very hard to conceive of and would significantly alter the overall shape...
