S&P Assigns 'A+' LT Rtg To B. Fed. Credit Mutuel Oct 98

Standard & Poors, October 1998

Abstract
Paris -- Standard & Poor's CreditWire 10/28/98 -- Standard & Poor's today assigned its single-'A'-plus long-term counterparty credit rating to Banque Federative du Credit Mutuel (BFCM). The outlook is negative. At the same time, Standard & Poor's 'A-1' short-term counterparty credit and short-term certificate of deposit ratings on BFCM and Banque de l'Economie - Credit Mutuel were affirmed. BFCM's ratings are based on its membership of the Credit Mutuel Group, whose constituent entities are rated single-'A'-plus/Negative/'A-1' (see list below). They also reflect the business and financial profile of BFCM's parent federation, Credit Mutuel Centre Est Europe (CMCEE), which is a key member of the Credit Mutuel group. Standard & Poor's considers BFCM and CMCEE's credit risk to be identical, mainly...

Companies mentioned in this report are:
- Banque Federative du Credit Mutuel
- Credit Industriel et Commercial
- Banque de l'Economie du Commerce et de la Monetique

Action: Various Rating Actions

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.

- Banque Federative du Credit Mutuel
- Credit Industriel et Commercial
- Banque de l'Economie du Commerce et de la Monetique

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