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Research Update: Belgium-Based Dexia Bank S.A. 'A-' Long-Term Rating Remains On CreditWatch Negative Following Action On Sovereign Jan 12 Product Image

Research Update: Belgium-Based Dexia Bank S.A. 'A-' Long-Term Rating Remains On CreditWatch Negative Following Action On Sovereign Jan 12

  • ID: 2045023
  • January 2012
  • Standard & Poors

FEATURED COMPANIES

  • Belfius Bank SA/NV
  • Belfius Financing Co.
  • Belfius Funding
  • MORE

Abstract
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 READ MORE >

Note: Product cover images may vary from those shown

- Belfius Bank SA/NV
- Belfius Funding
- Belfius Financing Co.
- Dexia Secured Funding Belgium N.V.

Note: Product cover images may vary from those shown
Note: Product cover images may vary from those shown

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