S&P: Dexia remains on watch

Standard & Poor's said it kept its BBB/A-2 long- and short-term counterparty credit ratings on Dexia Credit Local on CreditWatch with negative implications, where they were placed on Nov. 23, 2011.

The agency said it would assess the rating implications of Dexia SA's resolution plan to restructure the bank group once sufficient visibility is available on the outcome of the European Commission's investigation into the plan.

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