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Summary: Credit Logement Feb 12 Product Image

Summary: Credit Logement Feb 12

  • Published: February 2012
  • Standard & Poors

Abstract
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)

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 READ MORE >

- Credit Logement
- France (Republic of) (Unsolicited Ratings)

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