• +353-1-416-8900(GMT OFFICE HOURS)
  • 1-800-526-8630(US/CAN TOLL FREE)
  • 1-917-300-0470(EST OFFICE HOURS)
BNP Paribas Personal Finance Sep 10 Product Image

BNP Paribas Personal Finance Sep 10

  • Published: September 2010
  • Standard & Poors

Abstract
Core membership in BNP Paribas. Strong market position and efficient business model. Proven credit risk management. Satisfactory operating efficiency. High exposure to volatile emerging-market economies and more risky Western European countries. Deterioration in credit risk charges that weigh on bottom-line profitability. Standard & Poor's Ratings Services equalizes the ratings on France-based BNP Paribas Personal Finance (BNPPPF) with those on its 100% parent BNP Paribas (AA/Negative/A-1+). This reflects our view that BNPPPF enjoys a core position in its parent group's strategy, and that potential for parental support counterbalances BNPPPF's weakening stand-alone credit profile, mainly due to higher credit risk charges and deteriorating profitability. The ratings on BNPPPF are currently four notches above its stand-alone creditworthiness. With €76 billion in net customer...

Companies mentioned in this report are:
- BNP Paribas Personal Finance
- BNP Paribas

Action: Review

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international corporates, financial institutions, insurance companies, utilities, sovereigns READ MORE >

- BNP Paribas Personal Finance
- BNP Paribas

Note: Product cover images may vary from those shown

RELATED PRODUCTS