Our rating on Crédit Logement factors in our 'a-' anchor for banks operating only in France, and our view of its "adequate" business position, "adequate" capital and earnings, "strong" risk position, "above-average" funding, and "strong" liquidity, as our criteria define these terms. It also factors in our view of Crédit Logement's "high" systemic importance in the French banking sector. We assess Crédit Logement's SACP at 'a+'. The long-term rating is one notch higher than the SACP, reflecting our view of its "high" systemic importance in the French banking sector. This is based on the bank's leading market position in France, and our assessment of the French government as "supportive" toward its banking sector under our criteria. As a result, we...
Companies mentioned in this report are:
- Credit Logement
- France (Republic of) (Unsolicited Ratings)
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