Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed - S&P Global Ratings’ Credit Research

Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed

Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed - S&P Global Ratings’ Credit Research
Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed
Published Dec 21, 2007
900 words — Published Dec 21, 2007
Price US$ 150.00  |  Buy this Report Now

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Abstract:

PARIS (Standard&Poor's) Dec. 21, 2007--Standard&Poor's Ratings Services said today that it revised its outlooks on France-based Crédit Agricole S.A. (CASA) and corporate and investment banking subsidiary Calyon to stable from positive, following news yesterday that the unit is to post a full-year loss for 2007 due to an additional €2.5 billion in write-downs on U.S. subprime-related exposures. At the same time, Standard&Poor's affirmed the 'AA-/A-1+' counterparty credit ratings on CASA and Calyon. In addition, the outlooks on a number of CASA's related entities, including the Caisses Régionales de Crédit Agricole (CRCAs), were similarly revised to stable from positive, and the counterparty credit ratings on these entities were affirmed. "The large write-downs illustrate the potential

  
Brief Excerpt:

RESEARCH CrA¬dit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed Publication date: 21-Dec-2007 Primary Credit Analyst: Elisabeth Grandin, Paris (33) 1-4420-6685; elisabeth_grandin@standardandpoors.com...

  
Report Type:

Ratings Action

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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed" Dec 21, 2007. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Cr-dit-Agricole-Subsidiaries-Outlooks-Revised-To-Stable-From-Pos-On-Write-Downs-CCR-Affirmed-622198>
  
APA:
S&P Global Ratings’ Credit Research. (). Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed Dec 21, 2007. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Cr-dit-Agricole-Subsidiaries-Outlooks-Revised-To-Stable-From-Pos-On-Write-Downs-CCR-Affirmed-622198>
  
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