Summary: RCI Banque - S&P Global Ratings’ Credit Research

Summary: RCI Banque

Summary: RCI Banque - S&P Global Ratings’ Credit Research
Summary: RCI Banque
Published Oct 29, 2013
1079 words — Published Oct 29, 2013
Price US$ 225.00  |  Buy this Report Now

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Abstract:

Moderate systemic importance in France. A regulated bank. Strong capitalization. Wholesale-funded business. Business concentration on car financing. Commercial dependence on parent's franchise and product cycles. Standard&Poor's Ratings Services' negative outlook on Renault S.A.'s captive finance company RCI Banque (RCI) reflects our view that there is a one-in-three possibility that the bank's growth in emerging markets, or a protracted sluggish economic environment across the eurozone could negatively affect its creditworthiness. This would lead us to revise downward our current assessment of RCI's capital position by lowering our projected risk-adjusted capital (RAC) ratio below 10%. The negative outlook also factors in the potential for deteriorating liquidity although this is a remote scenario. We might also lower the ratings on RCI

  
Brief Excerpt:

RESEARCH Summary: RCI Banque Publication date: 29-Oct-2013 Primary Credit Analyst: Rayane Abbas, CFA, Paris +33 1 44 20 73 02; rayane.abbas@standardandpoors.com Secondary Contact: Arnaud DeToytot, Paris (33) 1-4420-6692; arnaud.detoytot@standardandpoors...

  
Report Type:

Summary

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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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.

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Cite this Report

  
MLA:
S&P Global Ratings’ Credit Research. "Summary: RCI Banque" Oct 29, 2013. Alacra Store. May 10, 2025. <http://www.alacrastore.com/s-and-p-credit-research/Summary-RCI-Banque-1208048>
  
APA:
S&P Global Ratings’ Credit Research. (). Summary: RCI Banque Oct 29, 2013. New York, NY: Alacra Store. Retrieved May 10, 2025 from <http://www.alacrastore.com/s-and-p-credit-research/Summary-RCI-Banque-1208048>
  
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