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Caisse Centrale du Credit Mutuel Dec 10
Standard & Poors, Dec 2010
Abstract
Strong franchise in French retail banking and insurance. Moderate risk profile, due to primary focus on retail banking activities in France. Strong risk-adjusted capitalization. Diversification benefits from recent acquisitions and development in consumer financing to be proven. Moderate growth potential and stiff competitive pressure in French domestic banking market. Potential for remaining sensitivity to market volatility stemming from legacy securitization portfolio. Some individual member banks that have weaker stand-alone positions than others in the group. The ratings on France's Caisse Centrale du Cr-dit Mutuel (CCCM) and related entities are based on Standard & Poor's Ratings Services' analysis of the Groupe Cr-dit Mutuel (GCM). The ratings on CCCM reflect GCM's strong domestic retail franchise, favorable risk profile, and strong risk-adjusted capitalization,...
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
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