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

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

Research Update: Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed - S&P Global Ratings’ Credit Research
Research Update: Crédit Agricole, Subsidiaries Outlooks Revised To Stable From Pos On Write-Downs; CCR Affirmed
Published Dec 21, 2007
973 words — Published Dec 21, 2007
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On Dec. 21, 2007, Standard&Poor's Ratings Services 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 for risk management breakdowns and revenue

  
Brief Excerpt:

RESEARCH Research Update: 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...

  
Report Type:

Research Update

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:
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. "Research Update: 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/Research-Update-Cr-dit-Agricole-Subsidiaries-Outlooks-Revised-To-Stable-From-Pos-On-Write-Downs-CCR-Affirmed-622199>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: 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/Research-Update-Cr-dit-Agricole-Subsidiaries-Outlooks-Revised-To-Stable-From-Pos-On-Write-Downs-CCR-Affirmed-622199>
  
US$ 225.00
$  £  €
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.