RCI Banque Outlook Revised To Stable On Resilient Operating Performance; 'BBB/A-2' Ratings Affirmed

We are now more confident that RCI Banque can maintain its superior risk-adjusted profitability relative to peers' on the back of its parent Renault's improving operating performance and more supportive operating environment. Renault's sound prospects also reduce risks for RCI's creditworthiness, in our view. We are therefore revising our outlook on RCI and its core subsidiary DIAC S.A. to stable from negative, and affirming our 'BBB/A-2' ratings. The stable outlook reflects our view that over the next two years RCI's capital position will remain strong, as indicated by a risk-adjusted capital ratio above 10%, and that its operating profitability will continue to benefit from resilient net interest margins and business volumes. PARIS (S&P Global Ratings) May 27, 2016--S&P Global Ratings

...+ We are now more confident that RCI Banque can maintain its superior risk-adjusted profitability relative to peers' on the back of its parent Renault's improving operating performance and more supportive operating environment. + Renault's sound prospects also reduce risks for RCI's creditworthiness, in our view. + We are therefore revising our outlook on RCI and its core subsidiary DIAC S.A. to stable from negative, and affirming our '###/A-2' ratings. + The stable outlook reflects our view that over the next two years RCI's capital position will remain strong, as indicated by a risk-adjusted capital ratio above 10%, and that its operating profitability will continue to benefit from resilient net interest margins and business volumes. PARIS (S&P Global Ratings) May 27, 2016--S&P Global Ratings said today that it has revised its outlook on France-based auto financer RCI Banque and its core subsidiary, DIAC S.A., to stable from negative. At the same time, we affirmed our '###/A-2' long-...

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