- Language: English
- Published: March 2012
Summary: Natexis Banques Populaires Apr 02
- ID: 2044484
- April 2002
- Standard & Poors
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.
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. SHOW LESS READ MORE >
- Natixis S.A.