Research Update: Societe Generale And Core Subsidiaries Long-Term Ratings Lowered To 'A' Following Sovereign Action; Outlook Stable Jan 12
- Language: English
- Published: January 2012
Outstanding Rating Bond fund rating AA+f Rating assigned: June 1991 Standard & Poor's assigns an 'AA+ f' rating to Bond Trust of the World, a Luxembourg registered multicurrency bond fund. Shares are U.S. dollar denominated. The fund is managed by the SociétéGénérale group (rated 'AA-' long-term, 'A-1+' short-term). The custodian of the fund is SOGENAL Luxembourg, a 93% owned subsidiary of SociétéGénérale. The assets held in the portfolio are of excellent credit quality, with greater than 85% of the securities rated 'AA'. The management, notably internal controls and reporting, are also excellent....
Companies mentioned in this report are:
- Societe Generale
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: Commentary
Criteria articles describe the thought process and methodology Standard & Poor's analysts use in determining ratings. These commentary pieces discuss both the quantitative (economic and financial) and qualitative (business analysis and caliber of management) aspects of the analysis, as well as legal issues.