Research And Markets Research And Markets

Agence Francaise de Developpement Dec 11

  • ID: 2036197
  • December 2011
  • Standard & Poors
1 of 3

An ultimate statutory guarantee from the French government. Sovereign mandate for official development assistance. Sound governance and management practices. Asset quality. Risk concentration. The ratings on Agence Française de Développement (AFD) are equalized with the ratings on the Republic of France (AAA/Watch Neg/A-1+), reflecting Standard & Poor's Ratings Services' opinion that there is an "almost certain" likelihood that the French government would provide timely and sufficient extraordinary support to AFD in the event of financial distress. Under our criteria, we consider AFD to be a government-related entity (GRE) and we base our rating approach on our view of AFD's: "Critical" role as the legally mandated agency for the French government's bilateral aid and concessionary lending to developing and emerging countries...

Companies mentioned in this report are:
- Agence Francaise de Developpement

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 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: Full Analysis

Note: Product cover images may vary from those shown
2 of 3

- Agence Francaise de Developpement

Note: Product cover images may vary from those shown
3 of 3
Note: Product cover images may vary from those shown