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France's RCI Banque Ratings Lowered To 'BBB-/A-3' From 'BBB/A-2' Following Downgrade Of Renault; Outlook Is Stable

Published Jun 19, 2009

949 words — Published Jun 19, 2009

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Abstract:

-- Given that RCI is a car finance captive, its fortunes depend on its parent, Renault, which we downgraded today. -- We are lowering our ratings on RCI Banque to 'BBB-/A-3' from 'BBB/A-2'; the outlook is stable. -- We are widening the rating differential between Renault and RCI, as we believe the bank is a fundamentally healthy institution that has already received and will continue to receive, in our view, systemic support from authorities. -- The outlook is stable, reflecting that on Renault. PARIS (Standard&Poor's) June 19, 2009--Standard&Poor's Ratings Services said today that it has lowered the ratings on RCI Banque to 'BBB-/A-3' from 'BBB/A-2'. The outlook is stable. RCI's one-notch downgrade reflects today's rating action

Brief Excerpt:

RESEARCH France's RCI Banque Ratings Lowered To '###-/A-3' From '###/A-2' Following Downgrade Of Renault; Outlook Is Stable Publication date: 19-Jun-2009 Primary Credit Analyst: Pierre Gautier, Paris (33) 1-4420-6711; pierre_gautier@standardandpoors.com...

Report Type:

Ratings Action

Ticker

211718Z@FP

Issuer

RCI Banque

GICS

Consumer Finance (40202010)

Sector

Global Issuers, Structured Finance

Country

France

Region

Europe, Middle East, Africa

Format:

PDF

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Cite this Report


MLA:	S&P Global Ratings’ Credit Research. "France's RCI Banque Ratings Lowered To 'BBB-/A-3' From 'BBB/A-2' Following Downgrade Of Renault; Outlook Is Stable" Jun 19, 2009. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/France-s-RCI-Banque-Ratings-Lowered-To-BBB-A-3-From-BBB-A-2-Following-Downgrade-Of-Renault-Outlook-Is-Stable-728849>

APA:	S&P Global Ratings’ Credit Research. (). France's RCI Banque Ratings Lowered To 'BBB-/A-3' From 'BBB/A-2' Following Downgrade Of Renault; Outlook Is Stable Jun 19, 2009. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/France-s-RCI-Banque-Ratings-Lowered-To-BBB-A-3-From-BBB-A-2-Following-Downgrade-Of-Renault-Outlook-Is-Stable-728849>

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