- Language: English
- Published: June 2012
- Region: France
Société Générale And Core Subsidiaries Long-Term Ratings Raised To 'AA'; Outlook Stable Nov 06
- Published: November 2006
- Standard & Poors
PARIS (Standard & Poor's) Nov. 15, 2006--Standard & Poor's Ratings Services said today that it raised its long-term counterparty credit rating on French bank Société Générale (SocGen) to 'AA' from 'AA-'. At the same time, the short-term 'A-1+' counterparty credit rating on SocGen was affirmed. The outlook is stable. In addition, Standard & Poor's raised its long-term counterparty credit ratings on SocGen's core operating subsidiaries Crédit du Nord S.A., Franfinance, and Société Générale Bank & Trust to 'AA' from 'AA-' and affirmed its short-term 'A-1+' counterparty credit ratings on the subsidiaries. The outlook on the core operating subsidiaries is stable. "The rating actions reflect a major improvement in Socgen's business profile and risk management, as well as the level and...
Companies mentioned in this report are:
- Societe Generale
Action: Outlook: Stable
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- Societe Generale