Research Update: Dexia Banque Internationale a Luxembourg 'A-/A-2' Ratings Still On Watch Developing; Subordinated Debt Lowered To 'BB+' Nov 11
- Language: English
- Published: November 2011
- Region: Luxembourg
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
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