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Bulletin: French Bank Credit Agricole Ratings Unaffected By News Of Continuing Cut In Funding Needs And Related Strategic Change

Published Dec 15, 2011

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Abstract:

PARIS (Standard&Poor's) Dec. 15, 2011-- Standard&Poor's Ratings Services said today that its ratings on French bank Crédit Agricole S.A. (CASA, A+/WatchNeg/A-1) remain unaffected by yesterday's announcement that it will continue to cut funding needs and adapt its capital planning and business model strategy, especially in its corporate and investment banking division. The latest announcement is an elaboration of a plan to tackle the deteriorated economic situation that CASA made public in September 2011, and remains consistent with the expectations we already factored into our ratings on CASA. It does not change our view of the Crédit Agricole group's capital position, mainly because the announced financial adjustments mostly consist of write-downs on goodwill and stakes in equity-accounted

Report Type:

Bulletin

Ticker

ACA@FP

Issuer

Credit Agricole S.A.

GICS

Diversified Banks (40101010)

Sector

Global Issuers, Public Finance, Structured Finance

Country

France

Region

United States

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "Bulletin: French Bank Credit Agricole Ratings Unaffected By News Of Continuing Cut In Funding Needs And Related Strategic Change" Dec 15, 2011. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-French-Bank-Credit-Agricole-Ratings-Unaffected-By-News-Of-Continuing-Cut-In-Funding-Needs-And-Related-Strategic-Change-921953>

APA:	S&P Global Ratings’ Credit Research. (). Bulletin: French Bank Credit Agricole Ratings Unaffected By News Of Continuing Cut In Funding Needs And Related Strategic Change Dec 15, 2011. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Bulletin-French-Bank-Credit-Agricole-Ratings-Unaffected-By-News-Of-Continuing-Cut-In-Funding-Needs-And-Related-Strategic-Change-921953>

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