Excellent retail banking franchise in France Strong funding and liquidity position Diversified business profile and income sources Moderate risk profile Risk reduction and cost efficiency strategy adapted to the lengthening financial crisis Financial pressure generated by large corporate and small business loan portfolio Poor corporate and investment banking performance impaired by residual subprime exposure Strategic challenges and execution risk in repositioning the investment banking business Financial flexibility constrained by shareholder structure The ratings on Crédit Agricole S.A. (CASA) and related entities reflect Standard&Poor's Ratings Services' view of the creditworthiness of the larger Crédit Agricole cooperative group (Crédit Agricole) as a whole. The ratings on Crédit Agricole are underpinned by the group's position as the clear market leader in
RESEARCH Credit Agricole S.A. Publication date: 17-Jul-2009 Primary Credit Analyst: Elisabeth Grandin, Paris (33) 1-4420-6685; elisabeth_grandin@standardandpoors.com Secondary Credit Analyst: Francois Moneger, Paris (33) 1-4420-6688;...
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Summary: Credit Agricole S.A. – 2009/11/30 – US$ 225.00
Summary: Credit Agricole S.A. – 2010/03/29 – US$ 225.00
French Bank Credit Agricole €500 Million Senior Unsecured Notes Due 2011 Rated 'A-1+', 'AA-' Long-Term Rating Withdrawn – 2010/06/30 – US$ 150.00
Summary: Credit Agricole S.A. – 2010/07/13 – US$ 225.00
Credit Agricole S.A. – 2010/09/30 – US$ 500.00
Summary: Credit Agricole S.A. – 2009/07/17 – US$ 225.00
Credit Agricole Outlook Revised To Negative On Concerns About Recession Impact On Profitability; Affirmed At 'AA-/A-1+' – 2009/06/25 – US$ 150.00
Research Update: Credit Agricole Outlook Revised To Negative On Concerns About Recession Impact On Profitability; Affirmed At 'AA-/A-1+' – 2009/06/25 – US$ 225.00
Summary: Credit Agricole S.A. – 2008/12/04 – US$ 225.00
Preliminary Rating Assigned To 1st Issue Under Crédit Agricole Group's Covered Bond Program – 2008/09/04 – US$ 150.00
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