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Summary: Natixis S.A. Dec 08
Standard & Poors, December 2008
The ratings on Natixis S.A., a jointly controlled subsidiary of Groupe Banque Populaire (GBP) and Groupe Caisse d'Epargne (GCE), reflect the view of Standard & Poor's Ratings Services that the bank is a core entity of GBP and GCE. The respective central bodies of the two groups, Banque F-d-rale des Banques Populaires (BFBP) and Caisse Nationale des Caisses d'Epargne et de Pr-voyance (CNCE), are both rated A+/Stable/A-1. The ratings also take into account demonstrated combined strong support from the two parent groups. Natixis has solid strategic, operational, and financial links to GBP and GCE. It centralizes most of the two networks' activities other than retail banking, including corporate and investment banking (CIB), asset management, custody, insurance, and a diversified array...
Companies mentioned in this report are: Natixis S.A.,Banque Federale des Banques Populaires,Caisses d'Epargne Participations
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Natixis S.A.,Banque Federale des Banques Populaires,Caisses d'Epargne Participations