Societe Generale: R&I Affirms A, Stable
(WorldNews Japan)

NEWS RELEASE Sep 25, 2020 R&I Affirms A, Stable: Societe Generale Rating and Investment Information, Inc. (R&I) has announced the following: ISSUER: Societe Generale Issuer Rating: A, Affirmed Rating Outlook: Stable RATIONALE: Societe Generale is a large financial institution in France. Based on a universal banking model, it offers retail banking, insurance, leasing, investment banking and other businesses in and outside France. Its franchise is solid in the domestic market. Although the Group`s earnings performance is dipping amid the novel coronavirus pandemic, its risk resilience holds steady and the impact on liquidity is limited. In consideration of these factors, R&I has...