Bank Ratings 2012

Highlights

• 20 Nov 2012
  • 3 French banks downgraded; outlook changed to negative on 3 Crédit Mutuel entities
    We have downgraded the various long-term debt ratings of Caisse des Depots et Consignations (CDC), OSEO and  Agence Française de Développement (AFD) to Aa1 from Aaa, and are maintaining the negative outlook. The short-term ratings of CDC and OSEO remain unaffected. In addition, we have changed the outlook to negative from stable on the long-term ratings of Banque Federative du Crédit Mutuel (BFCM), Crédit Industriel et Commercial (CIC) and Crédit Mutuel Arkea (Arkea). These actions were prompted by the weakening of the French government's credit profile, as captured by our recent downgrade of France’s government bond rating to Aa1 from Aaa, while maintaining the negative outlook... Press Release | Rating List | EU sovereign topic page
• 25 Oct 2012
  • Ratings of Santander UK confirmed given insulation from pressures affecting Spanish parent
    We have today confirmed the A2/Prime-1 debt and deposit ratings of Santander UK Plc to reflect our view that this bank is relatively insulated from the rating pressures currently affecting its Spanish parent bank, Banco Santander S.A. The outlook on the A2 senior debt and deposit rating is negative, reflecting our medium-term view of lower systemic support for large UK banks. We have also confirmed Santander UK’s C- bank financial strength rating with a stable outlook. This concludes our review of Santander UK’s ratings, which was initiated on 27 June 2012… Press Release
• 24 Oct 2012
  • Multiple actions on Spanish banking groups following sovereign rating confirmation
    We have taken a range of actions on the ratings of 31 Spanish banking groups, further to the confirmation of the Kingdom of Spain’s government bond ratings. Some actions additionally reflect bank-specific drivers, namely increased clarity about merger processes and heightened vulnerability to the stressed operating environment. As part of today’s actions, we have downgraded Liberbank’s ratings, maintained the review for downgrade of Ibercaja Banco following the termination of the latter’s planned merger with Caja 3, and confirmed the ratings of Caixabank, La Caixa, Banco Sabadell and Banco CAM. Overall, today's actions conclude the reviews for downgrade of 27 of the 31 banks whose ratings we placed on review in June 2012, while the ratings of four banks remain on review… Umbrella PR | Liberbank & Ibercaja PR | Confirmation of banks involved in mergers PR | Ratings list - Excel