PARIS (Standard&Poor's) Aug. 29, 2013--Standard&Poor's Ratings Services said today that it assigned its 'BBB-' long-term rating to the contingent capital subordinated notes due 2033 that France-based Crédit Agricole S.A. (CASA) proposes to issue. The rating is subject to our review of the final documentation of the notes. The rating reflects our analysis of the proposed instrument and our assessment of CASA's stand-alone credit profile of 'a-', in accordance with our criteria for rating hybrid capital instruments (see Bank Hybrid Capital Methodology And Assumptions, published on Nov. 1, 2011 on RatingsDirect.) We consider that the notes constitute "going-concern contingent capital," as we define the term under paragraph 53 of our bank hybrid capital criteria. We believe they
