S&P rates La Banque Postale notes BB

S&P said it assigned its BB long-term issue rating to the proposed low-trigger additional tier 1 perpetual capital notes to be issued by La Banque Postale.

“Once LBP has issued the securities and confirmed them as part of the bank’s regulatory tier 1 capital base, we would expect them to qualify as having intermediate equity content under our criteria and we will therefore include them in our calculation of LBP’s total adjusted capital,” said S&P in a press release.

© 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.