Summary: IXIS Corporate & Investment Bank Nov 06
Standard & Poors, November 2006
Abstract
The 'AAA' long-term counterparty credit rating on France-based IXIS Corporate & Investment Bank (IXIS CIB) reflects the guarantee by its former indirect parent, Caisse des D-p-ts et Consignations (CDC; AAA/Stable/A-1+) on all of IXIS CIB's senior liabilities issued on or before Jan. 23, 2007, that mature on or before Jan. 23, 2017. After Jan. 23, 2007, these liabilities will continue to benefit from the CDC guarantee until they mature. The 'A-1+' short-term counterparty credit rating and the 'AA' rating on senior unsecured debt not guaranteed by CDC reflect IXIS CIB's core membership in new parent Natixis S.A. (AA/Stable/A-1+), the new name of Natexis Banques Populaires (NBP). The rating on Natixis reflects its core membership in and combined strong support from...
Companies mentioned in this report are: IXIS Corporate & Investment Bank,Natixis S.A.,Caisse des Depots et Consignations,Banque Federale des Banques Populaires,Caisses d'Epargne Participations
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.
This product consists of a Summary Analysis: Bi-annual (at least). An abbreviated analysis containing Standard & Poor's issuer credit ratings as of the time the article was published. The analysis includes a rating rationale - the basis on which the rating was assigned - and an outlook section if the issuer is not on CreditWatch. Financial statistics are not included.
IXIS Corporate & Investment Bank,Natixis S.A.,Caisse des Depots et Consignations,Banque Federale des Banques Populaires,Caisses d'Epargne Participations
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