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Banque Federative du Credit Mutuel Jan 02
Standard & Poors, Jan 2002
Abstract
The ratings on Banque F-d-rative du Cr-dit Mutuel (BFCM) are based on its membership of the French Cr-dit Mutuel retail banking group, whose constituent cooperative entities are rated A+/Stable/A-1. The following analysis is based on the business and financial profile of BFCM's parent regional federation, Cr-dit Mutuel Centre Est Europe (CMCEE). Standard & Poor's considers BFCM's and CMCEE's credit risk to be identical, because of BFCM's total operational integration within the CMCEE group. BFCM primarily acts as CMCEE's central clearer. Owing to its dominant market position in its home region of Alsace-Lorraine in eastern France, CMCEE has historically been the strongest regional bank in France and a key member of the Cr-dit Mutuel group. CMCEE's superior financial profile within the...
Companies mentioned in this report are: Banque Federative du Credit Mutuel,Credit Industriel et Commercial,CIC Finance (DE) Inc.,CIC Funding,Banque Transatlantique,Banque CIO,Lyonnaise de Banque,Banque Scalbert Dupont,Societe Bordelaise de CIC,Credit Industriel de L'Ouest,Banque CIAL,Banque CIN,Banque SNVB,SOCAPI
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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