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BULLETIN: Cr?dit Municipal de Paris Rating Unchanged On News Of Regulatory Disciplinary Action Dec 05
Standard & Poors, Dec 2005
Abstract
PARIS (Standard & Poor's) Dec. 22, 2005--Standard & Poor's Ratings Services said today that its ratings and outlook on French pawn-broking and consumer-finance bank Cr-dit Municipal de Paris (CMP; A+/Stable/A-1) and 100%-owned subsidiary CMP-Banque (A+/Stable/A-1) remain unchanged at this stage by the announcement by shareholder City of Paris (AAA/Stable/--) that disciplinary action has been taken by the regulatory banking authorities against CMP in relation to CMP's internal control processes. We will continue to monitor the situation. The ratings on both CMP and CMP-Banque continue to reflect to a large extent explicit and implicit support from the City of Paris. On a standalone basis, CMP and CMP-Banque remain small, niche businesses, with well below-average financial profiles....
Companies mentioned in this report are: Credit Municipal de Paris,Paris (City of)
Action: Bulletin
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.
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