Caution Habitat was created in 2017 to guarantee home loans issued by Credit Mutuel that are eligible as collateral for the refinancing programme of BFCM
's covered bonds entity (Credit Mutuel-CIC Home Loan SFH).
GE (NYSE:GE) announced on Thursday that it has signed a memorandum of understanding (MOU) for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany to Banque Federative du Credit Mutuel (BFCM
), representing ending net investment (ENI) of approximately USD7.5bn.
and business profiles of BFCM
, CIC, and the whole cooperative Credit
In addition to providing strategic advice to its members, CFCM through its subsidiary, BFCM
, issues debt and other instruments in support of member banks and maintains the federation's solidarity fund.
is the main issuing vehicle of Groupe Credit Mutuel CM11 (CM11, A+/Stable/a+).
GE (NYSE:GE) signed a memorandum of understanding (MOU) with Banque Federative du Credit Mutuel (BFCM
), for the potential sale of its Equipment Finance and Receivable Finance businesses in France and Germany, for ending net investment (ENI) of about USD7.5bn, the company disclosed on Thursday.
, CIC and Credit Mutuel Arkea are unaffected by today's announcement.
12 February 2010 A[cent sign]a'[not sign]a[euro]oe Moody's has lowered the ratings set to French bank Banque Federative du Credit Mutuel's (BFCM
) non-cumulative preferred securities to Baa3 from A2 to reflect a revised rating approach.
Paris: Fitch Ratings has assigned Banque Federative du Credit Mutuel's (BFCM
) EUR45 billion euro medium-term note (EMTN) programme an 'A+' long-term rating.
's IDR is based on its integration in a mutual support scheme, so there is no factor limiting the eligible IDR-uplift under Fitch's covered bonds rating criteria.