PARIS (Standard&Poor's) Oct. 30, 2014--Standard&Poor's Ratings Services said today that its ratings and outlook on Franco-Belgian bank Dexia Credit Local (Dexia; BBB/Stable/A-2) are not affected by the results of the European Central Bank's (ECB's) comprehensive view of Europe's largest banks, including the European Banking Authority's (EBA's) EU-wide stress test, announced on Oct. 26, 2014. The outcome of the comprehensive assessment revealed that Dexia would record a potential capital shortfall of €339 million under the adverse scenario of the EBA's stress test, but the ECB has indicated there is no need to proceed with any remedial action or state aid for Dexia. This is because the ECB's calculation does not reflect the current regulatory measures allowing Dexia
