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Summary: Dexia Bank S.A. Apr 04

  • ID: 1856995
  • April 2004
  • Standard & Poors
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Abstract
The 'AA/Stable/A-1+' ratings on Dexia Crédit Local (DCL), Dexia Bank S.A. (DB), and Dexia Banque Internationale à Luxembourg (DBIL) rely on a consolidated analysis of the Dexia group to which they belong. Dexia is characterized by a low-risk business mix, excellent asset quality, good operating performance, and satisfactory capital base. Dexia, formed in 1996 through the strategic alliance of Belgium-based DB and France-based DCL, is among the 25 largest banking groups in Europe. It benefits from a strong market position and good financial performance in most of its core businesses: public and project finance in Europe and the U.S.; retail banking in Belgium and Luxembourg; and investment management services in Europe. After pursuing a dynamic acquisition policy in the past...

Companies mentioned in this report are:
- Belfius Bank SA/NV

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 READ MORE >

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- Belfius Bank SA/NV

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3 of 3
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