Summary: Natexis Banques Populaires Jan 03
Standard & Poors, January 2003
Abstract
The ratings on Natexis Banques Populaires (NBP) reflect the creditworthiness of the Banques Populaires (BP) group, of which NBP is a core member. The BP group, the seventh-largest banking group by total assets in France, benefits from a healthy market franchise, diversified business profile, sound profitability, and satisfactory capitalization. NBP accounts for about 34% of the total loans of the BP group and 30% of group revenues. NBP is responsible for the corporate-finance, investment-banking, and financial-services activities of the BP group. The successful integration of NBP has contributed to the strengthening of the group's business position. NBP's asset quality is adequate. Due to its focus on international and corporate banking, NBP remains exposed to riskier sectors and geographic areas (such...
Companies mentioned in this report are:
- Natixis S.A.
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.
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.
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