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BNP's Ratings Affirmed, Paribas' Long-Term Ratings Raised; Both Off Watch; Outlooks Positive Oct 99
Standard & Poors, Oct 1999
Abstract
PARIS (Standard & Poor's CreditWire) Oct. 6, 1999--Standard & Poor's today affirmed its ratings on Banque Nationale de Paris (BNP) and related entities and removed them from CreditWatch where they had been placed on March 10, 1999. In a related action, Standard & Poor's raised its long-term ratings on Paribas S.A. and related guaranteed entities--equalizing them with those of BNP--and affirmed the short-term ratings. The long- and short-term ratings were removed from CreditWatch, where they had been placed on Feb. 1, 1999. The outlook on both BNP and Paribas is positive.(See list below for details of all rating actions.) The rating actions reflect the new BNP Paribas group's very strong business profile, improving profitability, and satisfactory capitalization. The ratings on...
Companies mentioned in this report are: BNP Paribas,BNP Paribas Canada,BNP U.S. Finance Corp.,BNP Paribas Finance Inc.,Societe Generale,BNP Paribas Bank Canada,BNP Pacific (Australia) Ltd.,BNP Capital Markets Ltd.,Natiocredibail,Natiocredimurs,Natio Location,Compagnie Bancaire USA Funding Corp.,Paribas Group Australia Ltd.,Paribas S.A.,BNP Lease S.A.
Action: Various Rating Actions
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: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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