FRANCE: MOODY'S ASSIGNS AAA TO DEBT OF SRAEC (SFEF) GUARANTEED BY FRENCH GOVERNMENT.

IPR Strategic Business Information Database | November 5, 2008 | Copyright

Moody's Investors Service has today assigned the highest possible rating, Aaa, to the debt issued by the Societe de Refinancement des Activites des Etablissements de Credit (SRAEC), which benefits from an explicit, first-demand, unconditional and irrevocable guarantee from the French government. SRAEC will soon be renamed Societe de Financement de l'Economie Francaise (SFEF, for French Financing Corporation). "The SRAEC is the refinancing company created by the French government in the context of the plan it unveiled on 13 October 2008 to restore stability and confidence in the ...

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