Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+' - S&P Global Ratings’ Credit Research

Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+'

Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+' - S&P Global Ratings’ Credit Research
Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+'
Published Jan 24, 2013
1236 words — Published Jan 24, 2013
Price US$ 150.00  |  Buy this Report Now

About This Report

  
Abstract:

The governments of Belgium, France, and Luxembourg agreed, on Jan. 24, 2013, to guarantee up to €85 billion of debt issuance by Dexia Crédit Local (DCL). We have assessed the guarantee and believe it is consistent with our criteria for rating substitution. We are therefore affirming our 'A-1+' rating on DCL's €65 billion French certificate of deposit program, and our 'AA' rating on its €25 billion French negotiable medium-term note program. PARIS (Standard&Poor's) Jan. 24, 2013--Standard&Poor's Ratings Services said today that it has affirmed its 'A-1+' short-term rating on the €65 billion French "certificats de dépôt" (certificate of deposit or CD) program and its 'AA' long-term rating on the €25 billion guaranteed French "bons à moyen

  
Brief Excerpt:

RESEARCH Dexia CrA¬dit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At '##/A-1+' Publication date: 24-Jan-2013 Primary Credit Analyst: Arnaud DeToytot, Paris (33) 1-4420-6692; arnaud_detoytot@standardandpoors.com...

  
Report Type:

Ratings Action

Ticker
224207Z@FP
Issuer
Dexia
GICS
Diversified Banks (40101010)
Sector
Global Issuers, Public Finance, Structured Finance
Country
France
Region
United States
Format:
PDF Adobe Acrobat
Buy Now

More from S&P Global Ratings’ Credit Research

S&P Global Ratings’ Credit Research—S&P Global Ratings’ credit research provides analysis on issuers and debt obligations of corporations, states and municipalities, financial institutions, insurance companies and sovereign governments. S&P Global Ratings also offers insight into the credit risk of structured finance deals, providing an independent view of credit risk associated with a growing array of debt-securitized instruments.

About the Author


Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+'" Jan 24, 2013. Alacra Store. May 15, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Dexia-Cr-dit-Local-Debt-Guaranteed-By-Belgium-France-Luxembourg-Affirmed-At-AA-A-1-1066428>
  
APA:
S&P Global Ratings’ Credit Research. (). Dexia Crédit Local Debt Guaranteed By Belgium, France, Luxembourg Affirmed At 'AA/A-1+' Jan 24, 2013. New York, NY: Alacra Store. Retrieved May 15, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Dexia-Cr-dit-Local-Debt-Guaranteed-By-Belgium-France-Luxembourg-Affirmed-At-AA-A-1-1066428>
  
US$ 150.00
$  £  €
Have a Question?

Any questions about the report you're considering? Our Customer Service Team can help! Or visit our FAQs.

More Research

Search all our Residential Mortgage-Backed Securities from one place.