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Caisse Nationale de Credit Agricole Jul 01
Standard & Poors, July 2001
Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns and structured finance programs. RatingsXpress Credit Research lets users determine the credit rating of holdings and identify key factors underlying an issuer's creditworthiness, distinguishes the different risk exposures for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research Type: Full Analysis
Abstract
The ratings on Caisse Nationale de Cr-dit Agricole (CNCA) are based on the leading domestic market share, and sound and stable profitability of CNCA and the regional banks that make up the French Cr-dit Agricole group (Cr-dit Agricole). The group is bound by a cross-guarantee system between CNCA and its regional cooperative banks, which determines the ratings of the latter. In July 2001, Cr-dit Agricole announced its intention to float a minority share of CNCA's capital by the end of the year. Access to the capital markets by way of CNCA will provide Cr-dit Agricole with more financial flexibility to fulfil its strategic expansion plans, primarily in retail banking in Europe and in selected specialized financial services. Cr-dit Agricole is...
Companies mentioned in this report are: Credit Agricole S.A.,Credit Agricole Corporate and Investment Bank,Credit Agricole USA Inc.,Credit Agricole CIB Australia Ltd.,Caisse Regionale de Credit Agricole Mutuel du Morbihan,Caisse Regionale de Credit Agricole de la Somme,Caisse Regionale de Credit Agricole Mutuel du Finistere,Caisse Regionale de Credit Agricole Mutuel du Nord-Est,CPR S.A.,Caisse Regionale de Credit Agricole de la Brie,Caisse Regionale de Credit Agricole Mutuel Paris Ile-de-France,Banque de Financement et de Tresorerie,CA Consumer Finance,Caisse Regionale de Credit Agricole Mutuel des Cotes D'Armor,Caisse Regionale de Credit Agricole Mutuel du Pas-de-Calais,Caisse Regionale de Credit Agricole Mutuel Sud Rhone-Alpes,Societe de Portefeuille IENA,Caisse Regionale de Credit Agricole Mutuel de Centre Loire,Caisse Regionale de Credit Agricole Mutuel de l'Anjou et du Maine,Caisse Regionale de Credit Agricole Mutuel Toulouse 31,Caisse Regionale de Credit Agricole Mutuel de Normandie-Seine,Caisse Regionale de Credit Agricole Mutuel de Centre-France,Caisse Regionale de Credit Agricole Mutuel Nord de France,Caisse Regionale de Credit Agricole Mutuel Centre-Est,Credit Francais International,Banque CPR S.A.,Predica,Banco Suquia S.A.,Caisse Regionale de Credit Agricole Mutuel de L'oise,Caisse Regionale de Credit Agricole Mutuel Pyrenees-Gascogne,Banco Bisel S.A.,Caisse Regionale de Credit Agricole Mutuel de la Touraine et du Poitou
Action: Review
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