Dexia's issuer default ratings affirmed at 'AA+/F1+' - Fitch |
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Published
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Fri, 17 Aug 2007 15:58
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MUMBAI (Thomson Financial) - Fitch Ratings said it has affirmed Franco-Belgian banking group Dexia SA's long-term issuer default rating (IDR) at 'AA+' and short-term IDR at 'F1+', citing its dominant position in European public finance, its relatively stable and solid profitability, excellent asset quality and strong capitalisation.Fitch affirmed Dexia's individual rating at 'A/B', support rating at '1', and support floor at 'A-'. The outlook for the long-term IDR is stable.The ratings agency also affirmed its ratings of Dexia's other subsidiaries.Fitch affirmed the Dexia Bank Belgium, Dexia Credit Local, and Dexia Banque Internationale a Luxembourg's long-term IDRs at 'AA+' and short-term IDRs at 'F1+' with a stable outlook, as they are completely integrated and their long-term and short-term IDRs are equalised to those of the parent.Fitch affirmed the long-term IDR of Dexia Crediop, Italy, at 'AA' and its short-term IDR at 'F1+'.TFN.newsdesk@thomson.comans/dcaCOPYRIGHTCopyright AFX News Limited 2007. All rights reserved.The copying, republication or redistribution of AFX News Content, including by framing or similar means, is expressly prohibited without the prior written consent of AFX News.
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