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Summary: Natexis Banques Populaires Apr 02
Standard & Poors, April 2002
Standard & Poor's raised its long-term counterparty credit rating on Natexis Banques Populaires (NBP) on April 9, 2002. The upgrade reflected the sustainability of the improvements in the Banques Populaires group's financial profile, and the successful integration of NBP within the group. The group's financial profile now compares well with those of other leading French banks. The group's profitability has gradually progressed over the years, including at NBP since it was acquired in 1998. The less favorable year-on-year comparison in 2001, which reflected the changing environment--with the impact of weaker equity markets and several well-publicized credit losses--did not reverse the improvement in the group's performance relative to peers'. The group has also reduced the level of credit risk in its...
Companies mentioned in this report are:
- Natixis S.A.
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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.
- Natixis S.A.