Credit du Nord S.A. Dec 08
Standard & Poors, December 2008
Abstract
Core business status within parent Société Générale Benefits derived from SocGen's risk management oversight Good commercial franchise in the French retail market Satisfactory earnings generation even amid turbulent market environment Satisfactory liquidity position Moderate geographic and business diversification by national standards Higher credit risk profile than domestic peers' Somewhat heavy cost structure The ratings on France-based Credit du Nord S.A. (CDN) primarily reflects the bank's core position within the domestic retail-banking activities of its parent Société Générale (SocGen; AA-/Negative/A-1+), as well as its good retail franchise and solid stand-alone financial profile. The ratings on three of CDN's subsidiaries--Banque Rhône-Alpes S.A., Banque Tarneaud S.A., and Banque Kolb S.A. (all rated A+/Negative/A-1)--reflect their close integration with their direct parent CDN and their...
Companies mentioned in this report are:
- Credit du Nord S.A.
- Societe Generale
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
Action: Review
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
- Credit du Nord S.A.
- Societe Generale
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW6
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
