|
|
 |
|
Viewing report
|
|
|
|
Caisse Centrale du Credit Mutuel Dec 09
Standard & Poors, Dec 2009
Abstract
Strong franchise in French retail banking and insurance. Moderate risk profile, due to primary focus on retail banking activities in France. Strong capitalization. Just adequate domestic retail profitability. Increasing cost of risk. Challenge to integrate sizable acquisitions in higher-risk consumer financing. Weaker stand-alone positions of some individual member banks. The ratings on France's Caisse Centrale du Cr-dit Mutuel (CCCM) and related entities are based on a consolidated analysis of the Groupe Cr-dit Mutuel (GCM). The group consists of 18 regional Cr-dit Mutuel cooperative bank federations (the federations) and Cr-dit Industriel et Commercial (CIC; A+/Stable/A-1), which the Cr-dit Mutuel Centre Est Europe federation (CMCEE) acquired in 1998. Those two entities and four other federations comprise Cr-dit Mutuel Centre Est Europe -...
Companies mentioned in this report are: Caisse Centrale du Credit Mutuel,Credit Industriel et Commercial,Banque Federative du Credit Mutuel,Cofidis S.A.,Credit Mutuel Arkea,Caisse Federale de Credit Mutuel d'Anjou,Caisse Federale du Credit Mutuel Ocean,Caisse Federale du Credit Mutuel Nord Europe,Caisse Federale de Credit Mutuel de Normandie,Caisse Federale du Credit Mutuel Antilles-Guyane,Caisse Federale du Credit Mutuel de Maine-Anjou Basse Normandie,Caisse Federale du Credit Mutuel de Loire Atlantique et du Centre Ouest,Caisse Federale du Credit Mutuel du Centre,Caisse Interfederale de Credit Mutuel sud Europe Mediterranee
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.
Research Type: Full Analysis
|
|
|
|
