Moody's says that BCEE
's Bank Financial Strength Rating (BFSR) and all
Luxembourg's Banque et Caisse d'Epargne de l'Etat (BCEE
) was downgraded to Aa1 from Aaa.
The academy offers two certifications: board-certified environmental engineer, BCEE
, for those who have a professional engineering license; or board-certified environmental engineering member, BCEEM, for those who are non-licensed.
With the completion of the equity stake, the new shareholder structure of Cargolux would be made up of Luxair: 43.4 percent, Qatar Airways, 35 percent, Banque et Caisse d'Epargne de l'Etat (BCEE
) 10.9 percent and Societe Nationale de Credit et d'Investissement (SNCI) 10.7 percent.
Luxair, the country's national carrier, is Cargolux's largest shareholder with 52.1%, while four Luxembourg financial institutions - BCEE
(13.1%), SNCI (12.8%), BIP Investment Partners (11.5%) and Lux-Avantage (2.2%) - hold 39.6% and the Luxembourg state holds 8% directly.
The European Investment Bank (EIB), in partnership with Banque et Caisse dEpargne dEtat du Luxembourg (BCEE
), announced a euro 180 million loan at the end of December to the Societe nationale des Chemins de Fer Luxembourgeois (CFL) for capital projects to upgrade its rail facilities.
SeeBeyond (Nasdaq:SBYN), Redwood Shores, Calif., a provider of eBusiness and Application Integration (eAI) solutions, has announced that Banque et Caisse d'Epargne de l'Etat (BCEE
) has selected SeeBeyond's e*Gate(TM) platform to integrate its front to back office applications.
, the Luxembourg state savings bank; Dexia Group; Fortis Group
Local airline Luxair holds a 43.4% stake in Cargolux, while Banque et Caisse da[euro](tm)Epargne de la[euro](tm)Etat (BCEE
) and Societe Nationale de Credit et da[euro](tm)Investissement (SNCI) hold 10.9% and 10.7% interests in it, respectively.Country: LuxembourgSector: Air TransportTarget: Cargolux Airlines International SABuyer: Other, unnamed Chinese investors., Henan Civil Aviation Development and Investment Company (HNCA)Type: PrivatisationStatus: Talks
Moody's says that BCEE
's standalone credit assessment of C/a3 with stable
Furthermore, with the exception of the state-owned Banque et Caisse d'epargne de l'Etat (BCEE
), these banks are largely foreign-owned.