• 1-800-526-8630U.S. (TOLL FREE)
  • 1-917-300-0470EAST COAST U.S.
  • +353-1-416-8900REST OF WORLD
Ratings on Credit Industriel et Commercial Affirmed; Outlook Stable Jan 00 Product Image

Ratings on Credit Industriel et Commercial Affirmed; Outlook Stable Jan 00

  • ID: 2046408
  • January 2000
  • Standard & Poors

Abstract
PARIS (Standard & Poor's CreditWire) Jan. 4, 2000--Standard & Poor's today affirmed its single-'A' long-term and 'A-1' short-term ratings on Crédit Industriel et Commercial, formerly Compagnie Financière de CIC et de l'Union Européene. The outlook is stable. (See list below for all ratings affected.) This rating action follows Compagnie Financière de CIC et de l'Union Européenne's absorption on Dec. 31, 1999, of its fully owned subsidiary CIC Paris (not rated), and the former's change of name to Crédit Industriel et Commercial. The ratings on Crédit Industriel et Commercial are based on a consolidated analysis of the CIC group. The group is composed of Crédit Industriel et Commercial, which plays the role of a holding company and of a regional bank...

Companies mentioned in this report are:
- Credit Industriel et Commercial
- Banque Federative du Credit Mutuel
- Caisse Centrale du Credit Mutuel

Action: Affirmed

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.

Note: Product cover images may vary from those shown

- Credit Industriel et Commercial
- Banque Federative du Credit Mutuel
- Caisse Centrale du Credit Mutuel

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

RELATED PRODUCTS