Rating Assigned To Cr?dit Mutuel Ark?a Public Sector SCF's French Covered Bond Issuance Oct 11
Standard & Poors, October 2011
Abstract
OVERVIEW We have assigned a 'AAA' rating to Cr-dit Mutuel Ark-a Public Sector SCF's inaugural issuance of French legislation-enabled covered bonds. The outlook is stable. The first issuance is a -750 million 10-year bullet maturity covered bond, from a program of up to -10 billion. LONDON (Standard & Poor's) Oct. 7, 2011--Standard & Poor's Ratings Services today assigned its 'AAA' credit rating to the inaugural issuance of "Obligations Fonci-res" (OFs; French legislation-enabled covered bonds) by Cr-dit Mutuel Ark-a Public Sector SCF. The outlook is stable. The first issuance is a -750 million 10-year bullet maturity OF. In total, Cr-dit Mutuel Ark-a Public Sector SCF may issue up to -10 billion out of the program. The OFs constitute unsubordinated senior obligations...
Companies mentioned in this report are: Credit Mutuel Arkea Public Sector SCF
Action: New Rating
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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.
Credit Mutuel Arkea Public Sector SCF
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