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Banques Populaires & Natexis's Rtgs Afrmd Off S&PWatch Jun 98
Standard & Poors, June 1998
Abstract
Paris -- Standard & Poor's CreditWire 6/9/98 -- Standard & Poor's today affirmed its 'A-1' short-term ratings on Caisse Centrale des Banques Populaires and removed them from CreditWatch, where they were placed on March 26, 1998 with negative implications. In a related action, Standard & Poor's upgraded its long-term counterparty credit ratings to single-'A' from single-'A'-minus and its short-term counterparty credit and commercial paper to 'A-1' from 'A-2' ratings on the Natexis group. All ratings were removed from CreditWatch, where they were placed on March 26, 1998 with positive implications (see list below). The outlook on Natexis group is stable. Ratings on Natexis S.A. and Natexis Banque debt guaranteed by the Republic of France are not affected by this action....
Companies mentioned in this report are: Banque Federale des Banques Populaires,Natexis Banque,Natixis S.A.
Action: Affirmed, Off CreditWatch
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
This product is a is a brief one-page announcement of no more than 500 words with a quote from the analyst. It is media and investor focused with no accompanying commentary article.
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