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Caisse Centrale du Credit Mutuel Dec 03
Standard & Poors, Dec 2003
Abstract
The ratings on French Caisse Centrale du Cr-dit Mutuel and related entities are based on a consolidated analysis of the Cr-dit Mutuel group (Cr-dit Mutuel-CIC), which includes the Cr-dit Mutuel cooperative banks (Cr-dit Mutuel) and Cr-dit Industriel et Commercial (CIC), acquired in 1998. The ratings also reflect Cr-dit Mutuel's solid market share in domestic retail banking, sound risk profile, sound profitability, and very satisfactory capital ratios. Also factored into the ratings is the reliability of the system of solidarity that exists between the cooperative banks that are members of the Cr-dit Mutuel group. Cr-dit Mutuel-CIC focuses primarily on retail banking. With 13.2 million customers, 4,750 branches, and a domestic market share of 15.6% of credits and 12.2% of deposits, it...
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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