Research Update: Outlook on Crédit Mutuel Member Banks Revised To Positive; 'A+/A-1' Ratings Affirmed Jan 05
- ID: 2046649
- January 2005
- Standard & Poors
On Jan. 10, 2005, Standard & Poor's Ratings Services revised its outlook to positive from stable on Crédit Mutuel member banks, including Banque Fédérative du Crédit Mutuel (BFCM), Compagnie Financière du Crédit Mutuel (CFCM), Caisse Centrale du Crédit Mutuel (CCCM), Crédit Industriel et Commercial (CIC), and Caisse Fédérale du Crédit Mutuel Nord Europe (see list below). At the same time, Standard & Poor's affirmed its 'A+' long-term and 'A-1' short-term counterparty credit ratings on the entire group. The outlook revision reflects the successful restructuring of CIC, well implemented by Strasbourg-based Crédit Mutuel Centre Est Europe (CMCEE), and the steady benefits arising from the development of a more coherent and efficient enlarged banking group (Crédit Mutuel-CIC). The ratings on Crédit Mutuel...
Companies mentioned in this report are:
- Credit Industriel et Commercial
- Banque Federative du Credit Mutuel
- Caisse Centrale du Credit Mutuel
- Compagnie Financiere du Credit Mutuel
Action: Outlook: Positive
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Product Type: Research Update
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