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BICRA On France Maintained At Group '2' Nov 11

Standard & Poors, November 2011

Abstract
OVERVIEW We have reviewed our Banking Industry Country Risk Assessments under our updated methodology. We are maintaining our BICRA on France at group '2'. We are also maintaining our economic risk score at '2', and assigning an industry risk score of '2'. BICRA ACTION On Nov. 9, 2011, Standard & Poor's Ratings Services said it is maintaining its Banking Industry Country Risk Assessment (BICRA) on France at group '2'. It is also maintaining the economic risk score at '2' and assigning an industry risk score of '2'. RATIONALE We have reviewed the banking sector of the Republic of France (unsolicited, AAA/Stable/A-1+) under our updated BICRA methodology. Our criteria define the BICRA framework as one "designed to evaluate and compare global...

Action: General Comment

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.

- Credit Agricole S.A.
- Credit Foncier de France
- Natixis S.A.
- BNP Paribas
- Agence Francaise de Developpement
- Credit Lyonnais
- Societe Generale
- France (Republic of) (Unsolicited Ratings)
- Credit Agricole Corporate and Investment Bank
- HSBC France
- Credit Industriel et Commercial
- Dexia Credit Local
- Credit Logement
- Banque Federative du Credit Mutuel
- RCI Banque
- SOFIRA
- Banque PSA Finance
- Caisse Regionale de Credit Agricole Mutuel du Morbihan
- Caisse Regionale de Credit Agricole de la Somme
- Caisse Regionale de Credit Agricole Mutuel du Finistere
- Caisse Regionale de Credit Agricole Mutuel du Nord-Est
- Caisse Regionale de Credit Agricole de la Brie
- Credit du Nord S.A.
- Caisse Regionale de Credit Agricole Mutuel Paris Ile-de-France
- Banque de Financement et de Tresorerie
- BNP Paribas Personal Finance
- CA Consumer Finance
- Cofidis S.A.
- Caisse Regionale de Credit Agricole Mutuel des Cotes D'Armor
- Caisse Regionale de Credit Agricole Mutuel Sud Rhone-Alpes
- Banque Martin Maurel
- Caisse Centrale du Credit Mutuel
- Credit Mutuel Arkea
- Caisse Federale de Credit Mutuel d'Anjou
- Caisse Federale du Credit Mutuel Ocean
- Caisse Federale du Credit Mutuel Nord Europe
- Caisse Federale de Credit Mutuel de Normandie
- Caisse Federale du Credit Mutuel Antilles-Guyane
- Caisse Regionale du Credit Mutuel Massif-Central
- Caisse Regionale du Credit Mutuel Mediterraneen
- Caisse Federale du Credit Mutuel Midi-Atlantique
- Caisse Regionale du Credit Mutuel Dauphine-Vivarais
- Franfinance
- Caisse Regionale de Credit Agricole Mutuel de Centre Loire
- Banque Kolb S.A.
- Banque Tarneaud S.A.
- Banque Rhone Alpes S.A.
- Caisse Regionale de Credit Agricole Mutuel de l'Anjou et du Maine
- Caisse Regionale de Credit Agricole Mutuel Toulouse 31
- Caisse Regionale de Credit Agricole Mutuel de Normandie-Seine
- Banque Solfea
- Caisse Regionale de Credit Agricole Mutuel de Centre-France
- Credipar
- Caisse Federale du Credit Mutuel de Savoie-Mont Blanc
- Caisse Federale du Credit Mutuel de Maine-Anjou Basse Normandie
- Caisse Federale du Credit Mutuel de Loire Atlantique et du Centre Ouest
- Caisse Federale du Credit Mutuel du Centre
- Caisse Regionale de Credit Agricole Mutuel Nord de France
- Locindus S.A.
- Caisse Centrale du Credit Immobilier de France
- Caisse Regionale de Credit Agricole Mutuel Centre-Est
- Credit Foncier et Communal d'Alsace et de Lorraine-Banque
- BRED - Banque Populaire
- Caisse d'Amortissement de la Dette Sociale
- Caisse Regionale de Credit Agricole Mutuel de L'oise
- Caisse Regionale de Credit Agricole Mutuel Pyrenees-Gascogne
- Groupama Banque
- La Banque Postale
- BNP Paribas Lease Group
- Caisse Regionale de Credit Agricole Mutuel de la Touraine et du Poitou
- BNP Paribas Securities Services
- Banque Accord
- Caisse Regionale de Credit Agricole Mutuel Atlantique Vendee
- Caisse Regionale de Credit Agricole Mutuel d'Aquitaine
- Caisse Regionale de Credit Agricole Mutuel d'Ille et Vilaine
- Caisse Regionale de Credit Agricole Mutuel Brie Picardie
- Caisse Interfederale de Credit Mutuel sud Europe Mediterranee
- Caisse Regionale de Credit Agricole Mutuel de Franche-Comte
- Caisse Regionale de Credit Agricole Mutuel Normandie
- Caisse Regionale de Credit Agricole Mutuel Alpes Provence
- CACEIS
- Exane S.A.
- Caisse Regionale de Credit Agricole Mutuel Charente Perigord
- Caisse Regionale de Credit Agricole Mutuel Sud-Mediterranee
- Caisse Regionale de Credit Agricole Mutuel de la Reunion
- Caisse Regionale de Credit Agricole Mutuel de Charente-Maritime Deux Sevres
- BNP Paribas Cardif
- Caisse Regionale de Credit Agricole Mutuel Alsace-Vosges
- Caisse Regionale de Credit Agricole Mutuel Provence Cote d'Azur
- CNP Caution
- Caisse Regionale de Credit Agricole Mutuel du Languedoc
- Caisse Regionale de Credit Agricole Mutuel des Savoie
- Carrefour Banque
- Caisse Regionale de Credit Agricole Mutuel du Centre Ouest
- Caisse Regionale de Credit Agricole Mutuel de Champagne-Bourgogne
- Caisse Regionale de Credit Agricole Mutuel de la Guadeloupe

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