The ratings on French car-financing company RCI Banque reflect its: Average business profile, which balances the concentration of activity on car financing and related operations with a solid market position and wide geographic diversification; and Adequate financial position, including satisfactory profitability and asset quality, adequate capitalization, and wholesale-funded liquidity profile The one-notch rating differential between the ratings on RCI and those on its parent, French automaker Renault S.A (BBB+/Stable/A-2), reflects both RCI's overall stronger financial profile and its regulated status as a bank under French law. Standard&Poor's Ratings Services believes that RCI's bank status reduces to some extent the potentially negative effect of any severe deterioration in Renault's financial profile. A divergence of more than one notch is,
