Standard & amp; Poor’s said Wednesday it has placed under review with negative implications the A + rating of BNP Paribas at the end of the review of the rating of the European systemic banks.
The review stems from the adoption by the European Parliament of the Directive on “recovery and resolution of banking crises,” said BRRD, reflected among other risk transfer recapitalization bondholders, says the rating agency in a statement.
S & amp ; P had already announced before the summer a series of rating decisions concerning the German banks, Austrian, Danish and British. The second wave of its review, the results of which were released Wednesday, concerns, among others, French systemic banks, including all notes are confirmed.
To justify with negative implications supervised investment note BNP Paribas, S & amp; P explains expect such “clarifying the group’s policy on the constitution of its TLAC requirements (regulatory ratio of Total Loss Absorbing Capacity)”
“We also note the bank. far built a subordinated debt cushion more modest than its peers, “says the agency in a statement. (Marc Angrand; Editing by Matthieu Protard)
No comments:
Post a Comment