Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed - S&P Global Ratings’ Credit Research

Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed

Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed - S&P Global Ratings’ Credit Research
Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed
Published Apr 07, 2005
1084 words — Published Apr 07, 2005
Price US$ 225.00  |  Buy this Report Now

About This Report

  
Abstract:

On April 7, 2005, Standard&Poor's Ratings Services raised its long-term counterparty credit rating on France-based RCI Banque to 'A-' from 'BBB+'. At the same time, the 'A-2' short-term counterparty credit rating on RCI was affirmed. The outlook is stable. The upgrade follows that today of RCI's parent, France-based automaker Renault S.A., to 'BBB+' from 'BBB' owing to the group's solid trading performance and strongly enhanced financial measures (see the related Research Update "France-Based Renault S.A. LT Rating Raised To 'BBB+' On Strong Performance; Outlook Stable" on RatingsDirect). The action on RCI primarily reflects the bank's improved financial performance in 2003-2004, which is expected to be sustained in the years ahead. Increased business volumes and revenue generation efforts, associated

  
Brief Excerpt:

RESEARCH Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed Publication date: 07-Apr-2005 Credit Rating: A-/Stable/A-2 Rationale On April 7, 2005, Standard & Poor's Ratings...

  
Report Type:

Research Update

Ticker
211718Z@FP
Issuer
RCI Banque
GICS
Consumer Finance (40202010)
Sector
Global Issuers, Structured Finance
Country
France
Region
Europe, Middle East, Africa
Format:
PDF Adobe Acrobat
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed" Apr 07, 2005. Alacra Store. May 13, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-French-RCI-Banque-Long-Term-Rating-Raised-To-A-After-Parent-Renault-Upgrade-A-2-Affirmed-433002>
  
APA:
S&P Global Ratings’ Credit Research. (). Research Update: French RCI Banque Long-Term Rating Raised To 'A-' After Parent Renault Upgrade; 'A-2' Affirmed Apr 07, 2005. New York, NY: Alacra Store. Retrieved May 13, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Research-Update-French-RCI-Banque-Long-Term-Rating-Raised-To-A-After-Parent-Renault-Upgrade-A-2-Affirmed-433002>
  
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