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Banque d'Orsay 'frT1' ADEF (France) National Scale Rating Affirmed; Withdrawn At Bank Request Jan 07
Standard & Poors, Jan 2007
Abstract
On Jan. 15, 2007, Standard & Poor's Ratings Services affirmed its ADEF (France) national scale rating of 'frT1' on France-based Banque d'Orsay. At the same time, Standard & Poor's withdrew the rating at the bank's request. The rating on Banque d'Orsay reflects its full ownership by German bank WestLB AG (A-/Stable/A-2), its sound asset quality, conservative risk management, and flexible operating structure. Ratings information is available to subscribers of RatingsDirect, the real-time Web-based source for Standard & Poor's credit ratings, research, and risk analysis, at www.ratingsdirect.com. It can also be found on Standard & Poor's public Web site at www.standardandpoors.com; under Credit Ratings in the left navigation bar, select Find a Rating, then Credit Ratings Search. Alternatively, call one of...
Companies mentioned in this report are: Banque d'Orsay,WestLB AG (Unsolicited Ratings)
Action: Affirmed
Action: Withdrawn
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 for new and existing deals, and provides an understanding of how their analysts interpret key regulatory, political and environmental events and their economic impact.
Research type: News
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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