...Medium -Sized Franchise in France : Credit Mutuel Arkea's (CM Arkea) ratings primarily reflect the bank's medium-sized bancassurance company profile essentially operating in France, its sound asset quality and resilient earnings. The ratings also reflect the bank's solid capitalisation and prudent liquidity management. Mutual Support Mechanism : Fitch Ratings view s the group's central institution, Credit Mutuel Arkea S.A.C.C.V. (CM Arkea S.A.C.C.V.), and its affiliated local banks as part of a mutual support mechanism, as referred to in Annex 4 of Fitch's Bank Rating Criteria. The entities share a common strategy, brand and marketing, have centralised risk management and are view ed by banking regulators as a single unit based on combined accounts. Stand-Alone Ratings: Our ratings do not rely on CM Arkea's current membership in Credit Mutuel as CM Arkea aims to become independent from the latter. Our view is supported by an internal ruling w ithin Credit Mutuel, w hich allow s the orderly...
