Dexia's Core Banks Downgraded To 'A-/A-2' On Funding Constraints; Put On Watch Developing On Possible Restructuring Oct 11
- Language: English
- Published: October 2011
PARIS (Standard & Poor's) Oct. 10, 2008--Standard & Poor's Ratings Services said today that it is maintaining on CreditWatch its 'A+/A-1' long- and short-term counterparty credit ratings on four banks belonging to Belgium-based banking group Dexia S.A., where they were placed on Oct. 7, until it resolves the uncertainties about new management's strategy. Remaining on CreditWatch with developing implications are the group's core entities, Dexia Cr-dit Local (DCL), Dexia Bank S.A. (DB), and Dexia Banque Internationale - Luxembourg (DBIL). Remaining on CreditWatch with negative implications is Italy-based Dexia Crediop SpA. The 'BBB' debt ratings on the group's hybrid capital instruments and junior subordinated remain on CreditWatch with negative implications. The 'AAA' senior secured debt ratings on all covered bonds that...
Companies mentioned in this report are: Dexia Crediop SpA
Action: CreditWatch Update
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Dexia Crediop SpA