S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+' - S&P Global Ratings’ Credit Research

S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+'

S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+' - S&P Global Ratings’ Credit Research
S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+'
Published Aug 26, 2013
1029 words — Published Aug 26, 2013
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About This Report

  
Abstract:

PARIS (Standard&Poor's) Aug. 26, 2013--Standard&Poor's Ratings Services said today that it has corrected its rating on RCI Banque's nondeferrable subordinated debt by lowering it to 'BB+' from 'BBB-'. Under our criteria, we rate subordinated debt one notch below a bank's stand-alone credit profile (SACP) when the SACP is 'bbb-' or higher. When we took a rating action on RCI Banque on Nov. 5, 2012, we inadvertently did not lower the rating on the subordinated debt. Today's action corrects this error. RELATED CRITERIA AND RESEARCH France-Based RCI Banque Outlook Revised To Negative On France's Rising Economic Risks; 'BBB/A-2' Ratings Affirmed, Nov. 5, 2012 RCI Banque, Aug. 1, 2012 Banks: Rating Methodology And Assumptions, Nov. 9, 2011 Banking

  
Brief Excerpt:

RESEARCH S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To '##+' Publication date: 26-Aug-2013 Primary Credit Analyst: Rayane Abbas, CFA, Paris +33 1 44 20 73 02; rayane.abbas@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:
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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+'" Aug 26, 2013. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Rating-On-RCI-Banque-s-Nondeferrable-Subordinated-Debt-By-One-Notch-To-BB-1183308>
  
APA:
S&P Global Ratings’ Credit Research. (). S&P Corrects By Lowering Rating On RCI Banque's Nondeferrable Subordinated Debt By One Notch To 'BB+' Aug 26, 2013. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/S-P-Corrects-By-Lowering-Rating-On-RCI-Banque-s-Nondeferrable-Subordinated-Debt-By-One-Notch-To-BB-1183308>
  
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