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Summary: Dexia Credit Local Aug 04 Product Image

Summary: Dexia Credit Local Aug 04

  • ID: 1857828
  • August 2004
  • Standard & Poors

FEATURED COMPANIES

  • Belfius Bank SA/NV
  • Dexia Credit Local
  • MORE

Abstract
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

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 READ MORE >

- Dexia Credit Local
- Banque Internationale a Luxembourg
- Belfius Bank SA/NV

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