Summary: Dexia Credit Local Aug 04
- ID: 1857828
- August 2004
- Standard & Poors
The ratings on Dexia Crédit Local (DCL), Dexia Bank S.A. (DB), and Dexia Banque Internationale à Luxembourg rely on a consolidated analysis of the Dexia group (Dexia) 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 France-based DCL and Belgium-based DB, 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: namely, 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 over the past...
Companies mentioned in this report are:
- Dexia Credit Local
- Banque Internationale a Luxembourg
- Belfius Bank SA/NV
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This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included. SHOW LESS READ MORE >