Non-preferred Senior Unsecured

News

• 13.01.2023
  Creditreform Rating has withdrawn Credit du Nord S.A.'s ratings, including its long-term issuer, following its merger with its parent, Societe Generale. The entity Credit du Nord no longer exists. The legal merger of Credit du Nord with its parent was close on 1 January 2023.
• 16.12.2022
  Creditreform Rating has raised the rating on Crédit du Nord SA to 'A-' from 'BBB+'. The outlook is 'stable'. Creditreform Rating has also raised the rating of 'Non-Preferred Senior Unsecured' to 'BBB+' from 'BBB' and the rating of 'Preferred-Senior Unsecured' debt to 'A-' from 'BBB+'. Additionally, Creditreform Rating has upgraded the rating of Additional 'Tier 1' to 'BB' from 'BB-' and the rating of 'Tier 2' to 'BB+' from 'BB'. For further information, please refer to our Rating Update on our website.
• 10.03.2022
  The parent institution of Crédit du Nord SA, Société Générale SA, maintains a significant foreign presence in the Russian Federation. In the wake of the Russian-Ukrainian war, the "positive" outlook is withdrawn and a status "watch (negative)" is assigned in view of this exposure. The LT Issuer Rating is confirmed. All Issue Ratings (AT1, T2, NPS, PSU) also receive the status "watch (negative)".
• 06.12.2021
  Creditreform Rating has raised the outlook of Crédit du Nord SA from 'negative' to 'positive'. The long-term issuer rating was affirmed at BBB+. In addition, Creditreform Rating has affirmed the Additional Tier 1 rating at BB-, the Tier 2 rating at BB, the Non-Preferred Unsecured Debt rating at BBB and the Preferred Senior Unsecured Debt rating at BBB+. For further information, please refer to our Rating Report on our website.
• 06.07.2021
  Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
• 04.12.2020
  Creditreform Rating has confirmed the rating of Crédit du Nord SA with 'BBB+'. The outlook was changed from 'watch negative' to ‘negative´. In addition, Creditreform Rating has determined the rating of the debt classes as follows. The rating of the Additional Tier 1 class was confirmed at 'BB-'. The rating of the Tier 2 class was confirmed at 'BB'. The rating of the Non-Preferred Senior Unsecured class was confirmed at 'BBB'. The rating of the Preferred Senior Unsecured class was confirmed at 'BBB+'. For further information please refer to our Rating Report on our homepage.
• 28.03.2020
  Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
• 26.08.2019
  Creditreform Rating has affirmed the rating of Crédit du Nord SA with BBB+. The outlook is stable. In addition, Creditreform Rating affirmed the rating of Additional Tier 1 with BB- and the rating of Tier 2 with BB. The rating of the preferred senior unsecured debt class was also affirmed at BBB+ (after reclassification from senior unsecured debt). The rating of the non-preferred senior unsecured debt was set to BBB.