...Ratings Equalised with Group: CrTdit Agricole Corporate and Investment Bank's (CACIB) Issuer Default Ratings (IDRs) are aligned with those of CrTdit Agricole (CA; A+/Stable), as CACIB is part of CA's legally established cooperative cross-support mechanism. Fitch Ratings assigns group ratings in accordance with Annex 4 of our Bank Rating Criteria and has the same ratings for CA, CrTdit Agricole S.A. (CA S.A.; A+/Stable) and CACIB. CA's Commitment to Support: CA S.A., CA's listed central body, is responsible for ensuring that CACIB meets its liquidity and solvency requirements at all times as laid out by the French Financial and Monetary Code. The central body can access the resources of all entities that are part of the cross-support mechanism. Central to CA's Strategy: CACIB has a strategic role within the group as it carries out its corporate and investment banking (CIB) activities, an essential function for its corporate clients. CACIB also conducts private banking activities for CA through...
