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Caisse Centrale de R?escompte Outlook Revised To Developing; 'A/A-1' Ratings Affirmed May 07
Standard & Poors, May 2007
Abstract
PARIS (Standard & Poor's) May 22, 2007--Standard & Poor's Ratings Services said today that it revised its outlook on France-based Caisse Centrale de R-escompte (CCR) to developing from stable. At the same time, Standard and Poor's affirmed its 'A/A-1' long- and short-term counterparty credit ratings on the bank. 'The outlook revision follows the announcement on May 16, 2007, by CCR's parent company, Commerzbank AG, that the parent intends to sell CCR, its French asset management unit,' said Standard & Poor's credit analyst St-phanie Carillon. 'Although no precise agenda has been set, we expect this disposal to take place in the coming quarter.' At this stage, the final ratings on CCR primarily reflect its stand-alone rating and include one notch for...
Companies mentioned in this report are: Caisse Centrale de Reescompte,Commerzbank AG
Action: Affirmed
Action: Outlook: Developing
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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