Fitch rates Paribas Securities Services AA-

Fitch Ratings said it assigned to BNP Paribas Securities Services a long-term issuer default rating of AA- and short-term issuer default rating of F1+, aligned with the rating of its parent, BNP Paribas.

The outlook is stable.

The rating reflects the high probability of support in case of need from BNP Paribas given Paribas Securities Services' integration with and strategic importance to its parent, Fitch said.

BNP Paribas considers Paribas Securities Services as a core activity, offering complementary products and services to the parent's corporate and investment banking division, the agency said.

It also generates stable deposits, which helps BNP Paribas' overall liquidity, Fitch said.

© 2015 Prospect News.
All content on this website is protected by copyright law in the U.S. and elsewhere. For the use of the person downloading only.
Redistribution and copying are prohibited by law without written permission in advance from Prospect News.
Redistribution or copying includes e-mailing, printing multiple copies or any other form of reproduction.