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Dexia Crediop SpA Jul 09 Product Image

Dexia Crediop SpA Jul 09

  • Published: July 2009
  • Standard & Poors

FEATURED COMPANIES

  • Belfius Bank SA/NV
  • Dexia Crediop SpA
  • Dexia Credit Local
  • Dexia LdG Banque S.A.
  • Dexia S.A.
  • MORE

Abstract
Core position within the Dexia group Leading position in the Italian public finance market Very good asset quality Reliance on wholesale funding sources Monoline business vulnerable to changes in legislation High credit risk concentration on the Republic of Italy The ratings on Italy-based bank Dexia Crediop SpA reflect its core status for Dexia Crédit Local (A/Stable/A-1), Dexia group's French local authority lender. Dexia Crediop's leading position in Italy in public authority lending and very good asset quality also support the ratings. The ratings are constrained by Dexia Crediop's reliance on wholesale funding sources, vulnerability to changes in legislation regarding its relations with the country's central and local governments and public entities, and high credit risk concentration on the Republic of...

Companies mentioned in this report are:
- Dexia Crediop SpA
- Italy (Republic of) (Unsolicited Ratings)
- Banque Internationale a Luxembourg
- Dexia Credit Local
- Dexia Kommunalbank Deutschland AG
- Belfius Bank SA/NV
- Dexia Credit Local, France, Stockholm Branch
- Caisse Francaise de Financement Local
- Dexia S.A.
- RBC READ MORE >

- Dexia Crediop SpA
- Italy (Republic of) (Unsolicited Ratings)
- Banque Internationale a Luxembourg
- Dexia Credit Local
- Dexia Kommunalbank Deutschland AG
- Belfius Bank SA/NV
- Dexia Credit Local, France, Stockholm Branch
- Caisse Francaise de Financement Local
- Dexia S.A.
- RBC Investor Services Ltd.
- Dexia LdG Banque S.A.

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