{"id":85023,"date":"2013-07-17T23:35:01","date_gmt":"2013-07-17T21:35:01","guid":{"rendered":"http:\/\/beta.next-finance.net\/news\/fitch-downgrades-major-french-banks\/"},"modified":"2013-07-17T23:35:01","modified_gmt":"2013-07-17T21:35:01","slug":"fitch-downgrades-major-french-banks","status":"publish","type":"post","link":"http:\/\/beta.next-finance.net\/en\/news\/fitch-downgrades-major-french-banks\/","title":{"rendered":"Fitch Downgrades Major French Banks"},"content":{"rendered":"

Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDRs) of Credit Agricole (CA), Societe Generale (SG), Groupe BPCE (GBPCE), Dexia and Dexia Credit Local (DCL) to ‘A’ from ‘A+’ and Short-term IDRs to ‘F1’ from ‘F1+’. Fitch has also downgraded BNP Paribas’ (BNPP) and CM11-CIC’s Short-term IDRs to ‘F1’ from ‘F1+’. The Viability Ratings (VRs) of all French banks and BNPP’s and CM11-CIC’s Long-term IDRs are unaffected. In addition, BNPP’s, CA’s, CM11-CIC’s, SG’s, GBPCE’s, Dexia’s and DCL’s Support Rating Floors (SRFs) have been revised to ‘A’ from ‘A+’.<\/p>\n

Fitch has affirmed Credit Immobilier de France Developpement’s (CIFD) Long-term IDR at ‘A’, Short-term IDR at ‘F1’ and SRF at ‘A’. La Banque Postale’s (LBP) Long-term IDR has been downgraded to ‘A+’ from ‘AA-‘ and Short-term IDR affirmed at ‘F1+’. A full list of ratings actions is at the end of this comment. The impact on the banks’ related entities will be detailed in a separate rating action commentary.<\/p>\n","protected":false},"excerpt":{"rendered":"

Fitch Ratings has downgraded the Long-term Issuer Default Ratings (IDRs) of Credit Agricole (CA), Societe Generale (SG), Groupe BPCE (GBPCE), Dexia and Dexia Credit Local (DCL) to ‘A’ from ‘A+’ and Short-term IDRs to ‘F1’ from ‘F1+’. Fitch has also downgraded BNP Paribas’ (BNPP) and CM11-CIC’s Short-term IDRs to ‘F1’ from ‘F1+’. The Viability Ratings […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[1470],"tags":[2227],"_links":{"self":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/85023"}],"collection":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/comments?post=85023"}],"version-history":[{"count":0,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/posts\/85023\/revisions"}],"wp:attachment":[{"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/media?parent=85023"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/categories?post=85023"},{"taxonomy":"post_tag","embeddable":true,"href":"http:\/\/beta.next-finance.net\/en\/wp-json\/wp\/v2\/tags?post=85023"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}