Dexia Credit Local 'BBB/A-2' Ratings Still On CreditWatch Negative Pending Outcome Of EC Investigation Into State Aid Aug 12
- Language: English
- Published: August 2012
The ratings on Belgium-based Dexia Bank S.A. (DB), France-based Dexia Crédit Local (DCL), and Dexia Banque Internationale à Luxembourg (DBIL) rely on a consolidated analysis of the Dexia group (Dexia), for which they act as the three core operating banks. The strength of Dexia's business profile relies on the combination of an unmatched global franchise in public finance and strong retail banking positions in its core markets of Belgium and Luxembourg. Although Dexia is less diversified than some other major European Banking groups, its focus on low-risk businesses underpins creditworthiness. Dexia boasts excellent asset quality, sound operating performance, and a strong capital base. The group's reliance on wholesale funding is mitigated by conservative funding and liquidity guidelines. Although Standard &...
Companies mentioned in this report are:
- Belfius Bank
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- Belfius Bank