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Agence Francaise de Developpement Jul 07
Standard & Poors, July 2007
Abstract
The ultimate statutory guarantee of the Republic of France on all of the entity's obligations A politically essential mandate: the entity is the principal instrument for French bilateral aid and concessionary lending Sound governance and management practices underpinned by banking regulatory framework Asset quality and high concentration risks reflect the risky nature of activities in developing countries The ratings on Agence Fran-aise de D-veloppement (AFD) reflect its legally mandated position in the official development assistance (ODA) machinery of the Republic of France (AAA/Stable/A-1+). AFD is the French state's financial arm for bilateral aid and concessionary lending to developing countries and French overseas territories, activities that cannot be undertaken on a commercial basis. The ratings also reflect the French state's strong...
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
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