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Caisse des Depots et Consignations
Standard & Poors, Dec 2006
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
Unique French legal status and close affiliation with the French state Sound financial position Cautious strategy that conciliates public policy commitments with adequate business efficiency Equity market exposure The ratings on Caisse des D-p-ts et Consignations (CDC) are based on its unique legal status and important role in supporting public policy in the Republic of France (AAA/Stable/A-1+). They are further reinforced by the institution's conservative strategy and sound stand-alone financial position, characterized by a moderate risk profile, excellent liquidity, and satisfactory capitalization. CDC's equity market exposure is also factored into the ratings. Since the creation of CDC in 1816, its overriding public role has been to guarantee the financial security of the funds entrusted to it. One of the institution's...
Companies mentioned in this report are: Caisse des Depots et Consignations,Caisses d'Epargne Participations,CNP Assurances
Action: Review
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