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Caisse des Depots et Consignations
Standard & Poors, Dec 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 des D-p-ts et Consignations (CDC) are based on the institution's unique legal status and its important role in supporting French public policy. They are further reinforced by CDC's sound financial position, characterized by a low-risk profile, good liquidity, adequate profitability, and excellent capitalization. Created in 1816, CDC is a public institution that conducts both public-service and competitive activities. CDC is not subject to the French Banking Law of 1984, but is instead overseen by a supervisory board, which includes members of the French parliament. The parliament passed a bill in 2001 reaffirming CDC's primary role in serving France's general interests and economic development. CDC's primary public-service role is its mandate from the French state to centralize...
Companies mentioned in this report are: Caisse des Depots et Consignations,IXIS Corporate & Investment Bank,Natixis Financial Products LLC,CNP Assurances,CDC Finance - CDC IXIS,CIFG GUARANTY,CIFG Europe
Action: Review
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