|
|
 |
|
Viewing report
|
|
|
|
Belgium-Based Dexia Bank S.A. 'A-' Long-Term Rating Remains On CreditWatch Negative Following Action On Sovereign Jan 12
Standard & Poors, Jan 2012
Abstract
On Jan. 13, 2012, we affirmed the sovereign credit ratings on the Kingdom of Belgium at 'AA/A-1+'. At the same time, we maintained our Banking Industry Country Risk Assessment (BICRA) on Belgium in group '2'. We are keeping the 'A-' long-term rating on Belgium-based Dexia Bank S.A. on CreditWatch negative, until we have greater visibility about its exposures to banks in the Dexia group. The CreditWatch negative placement reflects the possibility that we could lower the long-term rating on the bank by a maximum of one notch if it has difficulties in reducing these exposures and in managing its own risk positions, leading to a deterioration of its capitalization. MILAN (Standard & Poor's) Jan. 24, 2012--Standard & Poor's Ratings Services...
Companies mentioned in this report are: Dexia Bank S.A.,Dexia Funding Netherlands N.V.,Dexia Financial Products, Inc.,Dexia Overseas Ltd.,Dexia Secured Funding Belgium N.V.
Action: CreditWatch Update
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.
|
|
|
|
