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BRED - Banque Populaire Jul 03
Standard & Poors, July 2003
Abstract
The rating on BRED-Banque Populaire (BRED) is based on the bank's membership in the Banques Populaires group, as well as on its strong regional franchise and satisfactory financial profile. France's Banques Populaires group enjoys a healthy market franchise, a diversified business profile, adequate profitability, and satisfactory capitalization. The Banques Populaires group, the seventh-largest banking group in France, is composed of 24 regional cooperative banks, of which BRED is the largest; a wholesale banking unit, Natexis Banques Populaires (NBP; A+/Stable/A-1); and Banque F-d-rale des Banques Populaires (BFBP; --/--/A-1). BFBP is the group's central executive body, legally in charge of the liquidity and solvency of all group entities. This organization links all the regional cooperative banks by a strong and effective solidarity...
Companies mentioned in this report are: BRED-Banque Populaire,Natixis S.A.,Banque Federale des Banques Populaires,Natexis AMBS Co. LLC
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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