On Jan. 13, 2012, we affirmed the sovereign credit ratings on the Kingdom of Belgium at 'AA/A-1+'. At the same time, we maintained our Banking Industry Country Risk Assessment (BICRA) on Belgium in group '2'. We are keeping the 'A-' long-term rating on Belgium-based Dexia Bank S.A. on CreditWatch negative, until we have greater visibility about its exposures to banks in the Dexia group. The CreditWatch negative placement reflects the possibility that we could lower the long-term rating on the bank by a maximum of one notch if it has difficulties in reducing these exposures and in managing its own risk positions, leading to a deterioration of its capitalization. On Jan. 24, 2012, Standard & Poor's Ratings Services said that...
Companies mentioned in this report are:
- Belfius Bank SA/NV
- Belfius Funding
- Belfius Financing Co.
- Dexia Secured Funding Belgium N.V.
Action: CreditWatch Update
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.
Product Type: Research Update
Research updates complement media releases. They offer more depth and detail than summary analyses by incorporating all information published in the media release. They are more up to date than summaries in that they are published simultaneously with media releases. SHOW LESS READ MORE >