S&P Assigns 'A+' LT Rtg To B. Fed. Credit Mutuel Oct 98
- ID: 2046561
- October 1998
- Standard & Poors
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
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Research type: News
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