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Bulletin: Ratings On IXIS CIB, Other Former CNCE Subs Unchanged Following Ownership Transfer To Natixis Nov 06
Standard & Poors, Nov 2006
Abstract
PARIS (Standard & Poor's) Nov. 17, 200--Standard & Poor's Ratings Services said today that the transfer of ownership of several subsidiaries of Caisse Nationale des Caisses d'Epargne et de Pr-voyance (CNCE, AA/Stable/A-1+) to Natixis S.A. (AA/Stable/A-1+) has no impact on the ratings on these subsidiaries: IXIS Corporate & Investment Bank (IXIS CIB, AAA/Negative/A-1+); Soci-t- d'Assurance des Cr-dits des Caisses d'Epargne de France (AA/Stable/--); CIFG Guaranty (AAA/Stable/--); and Cr-dit Agricole Caisse d'Epargne Investor Services SAS (AA-/Stable/A-1+), the 50-50 joint-venture subsidiary established between CNCE and Cr-dit Agricole S.A. (AA-/Positive/A-1+). (See also 'Natexis Banques Populaires, Now Natixis, L-T Rating Raised To 'AA'; Off Watch; Outlook Stable,' published today on RatingsDirect.) Natixis is the new name of the former Natexis Banques Populaires following the...
Companies mentioned in this report are: IXIS Corporate & Investment Bank,Credit Agricole S.A.,Natixis S.A.,Banque Federale des Banques Populaires,Caisses d'Epargne Participations,Compagnie Europeenne de Garanties et Cautions,CIFG GUARANTY,CACEIS
Action: Bulletin
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
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