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Research Update: French Bank Natexis Banques Populaires 'AA-' Rating Remains On CreditWatch Positive Sep 06 Product Image

Research Update: French Bank Natexis Banques Populaires 'AA-' Rating Remains On CreditWatch Positive Sep 06

  • ID: 2045285
  • September 2006
  • Region: France
  • Standard & Poors

FEATURED COMPANIES

  • Coface Assicurazioni SpA
  • Coface Finanz GmbH
  • Coface S.A.
  • Natixis S.A.
  • MORE

Abstract
On Sept. 14, 2006, Standard & Poor's Ratings Services said that its 'AA-' long-term counterparty credit ratings on France-based Natexis Banques Populaires (NBP) and on the bank's related entities including core operating subsidiaries of French credit insurance group Coface remain on CreditWatch with positive implications, where the ratings were initially placed in May 2006. The CreditWatch placement continues to reflect our opinion that the NatIxis joint venture is a positive strategic move for NBP's parent, Groupe Banque Populaire (GBP), and for Groupe Caisse d'Epargne (GCE). In June 2006, the two groups agreed to pool together their main wholesale banking and financial services activities--which are essentially carried out by NBP for GBP and by IXIS Corporate & Investment Bank for GCE--into...

Companies mentioned in this report are:
- Natixis S.A.
- Coface S.A.
- Coface Kreditversicherung AG
- Coface Austria Kreditversicherung AG
- Coface Assicurazioni SpA
- Coface Finanz GmbH
- Coface North America Insurance Co.

Action: CreditWatch Update

Standard and Poors RatingsXpress Credit Research provides in-depth coverage of international READ MORE >

- Natixis S.A.
- Coface S.A.
- Coface Kreditversicherung AG
- Coface Austria Kreditversicherung AG
- Coface Assicurazioni SpA
- Coface Finanz GmbH
- Coface North America Insurance Co.

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