Société Générale Feb 09
Standard & Poors, February 2009
Abstract
Diversified sources of income Strong commercial position in main businesses Consistent strategy Strong balance sheet Large domestic and international corporate book Sizable and complex trading book Exposure to downside risk from expansion in emerging markets Just adequate trading risk management The ratings on Société Générale (SocGen) reflect the bank's strong business profile, good strategy, and satisfactory financial profile, including satisfactory capital and liquidity. Those factors are mitigated by the downside risks of SocGen's large corporate portfolio, its large and complex trading book, and its significant emerging markets operations. Standard & Poor's Ratings Services views SocGen as having high systemic importance in France. We classify France as a supportive country under our ratings approach. The credit ratings on SocGen benefit from...
Companies mentioned in this report are:
- Societe Generale
- Ambac Assurance Corp.
- SGA Societe Generale Acceptance N.V.
- Credit du Nord S.A.
- Franfinance
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
- Komercni Banka A.S.
- SG Capital Trust I LLC
- SG Preferred Capital I LLC
- SG Preferred Capital II LLC
- Societe Generale Bank & Trust
- SG Capital Trust III
- Rusfinance Bank
- Rosbank OJSC JSCB
- Societe Generale SCF
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
- Societe Generale
- Ambac Assurance Corp.
- SGA Societe Generale Acceptance N.V.
- Credit du Nord S.A.
- Franfinance
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
- Komercni Banka A.S.
- SG Capital Trust I LLC
- SG Preferred Capital I LLC
- SG Preferred Capital II LLC
- Societe Generale Bank & Trust
- SG Capital Trust III
- Rusfinance Bank
- Rosbank OJSC JSCB
- Societe Generale SCF
Customers who bought this item also bought
All rights reserved. © Copyright 2013 Research and Markets WWW4
Terms and Conditions Privacy Policy Publishers Employment Opportunities Site Map Link to us Webmaster Affiliate Network
