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News Results

French Poultry Company Doux to Get Credit Line, Echos Says
A consortium of banks including Barclays Plc, Credit Agricole SA and Credit Mutuel de Bretagne has agreed to provide the line of credit to maintain Doux’s operations, the newspaper reported, citing an unidentified person in the government.
TEXT-Fitch affirms LFP's asset manager rating at 'M2'
COMPANY PROFILE La Francaise AM is an asset management group, 80% owned by Credit Mutuel Nord Europe, resulting from the merger, in 2009, of La Francaise des Placements, an independent company, and UFG-IM. The group manages EUR35bn as of May ...
Moody's downgrades ratings of 5 Dutch banks
The ratings agency also downgraded three French banks — Banque Federative du Credit Mutuel, BPCE and CIC — as well as KBC from Belgium, and Banque et Caisse d'Epargne de l'Etat from Luxembourg.
Door creaks open for top European financials
The highlight for many in the market was the emergence of a French deal. Banque Federative du Credit Mutuel (BFCM) sold a EUR750m five-year offering which represented the first unsecured issue from a French institution since Societe Generale ...
Reuters UK
Moody's downgrades 10 eurozone banks
In particular, it said it was concerned that a large proportion of ING's deposits were non-Dutch. French banks Banque Fédérative du Crédit Mutuel, BPCE and CIC also had their ratings downgraded by Moody's, along with Belgian lender KBC and Luxembourg ...
Daily Telegraph
EUROBONDS: EFSF Announces 25-Year Bond Amid Busy Primary Market
Initial price guidance is 17 basis points over the reference French government bond. France's Banque Federative du Credit Mutuel, or BFCM, is planning to issue a senior euro-denominated benchmark bond with initial pricing in the area of 170 ...
BRIEF-Moody's takes rating actions on BFCM, CIC; outlook stable
June 15 (Reuters) - Moody's Investors Service has today taken the following rating actions on the standalone credit assessments of: Banque Federative du Credit Mutuel (BFCM): standalone bank financial strength rating (BFSR) downgraded to C ...
Reuters UK
France - Line of credit for poultry giant
Barclay’s Plc, Credit Agricole SA and Credit Mutuel de Bretagne have agreed to provide the line of credit, according to the report. Doux recently filed for bankruptcy protection. The company’s debt totals €340 million ($420.39 million). In early May ...
Meattradenewsdaily (blog)
Covered Bonds Dominate European Sales as Corporate Surge Fizzles
French lender Banque Federative Du Credit Mutuel SA offered five-year senior, unsecured bonds due June 2017. To contact the reporters on this story: Hannah Benjamin in London at hbenjamin1@bloomberg.net; Louise Meeson in London at lmeeson ...
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