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European rating agency. Objective, transparent, independent.

Preferred Senior Unsecured

Crédit du Nord SA

Rating History

Rating Watch Outlook Decision Date Action Validity Date Maximum Validity
n.r. 09.01.2023 13.01.2023 13.01.2023
A- 06.12.2022 16.12.2022
BBB+ Watch NEW 03.03.2022 10.03.2022
BBB+ 26.11.2021 06.12.2021
BBB+ Watch UNW 05.07.2021 06.07.2021
BBB+ 17.11.2020 04.12.2020
BBB+ Watch NEW 24.03.2020 28.03.2020
BBB+ 16.08.2019 26.08.2019
BBB+ Watch UNW 18.06.2019 21.06.2019
BBB+ 31.08.2018 27.09.2018

News

  • 13.01.2023
    Creditreform Rating has withdrawn Credit du Nord S.A.'s ratings, including its long-term issuer, following its merger with its parent, Societe Generale. The entity Credit du Nord no longer exists. The legal merger of Credit du Nord with its parent was close on 1 January 2023.
  • 16.12.2022
    Creditreform Rating has raised the rating on Crédit du Nord SA to 'A-' from 'BBB+'. The outlook is 'stable'. Creditreform Rating has also raised the rating of 'Non-Preferred Senior Unsecured' to 'BBB+' from 'BBB' and the rating of 'Preferred-Senior Unsecured' debt to 'A-' from 'BBB+'. Additionally, Creditreform Rating has upgraded the rating of Additional 'Tier 1' to 'BB' from 'BB-' and the rating of 'Tier 2' to 'BB+' from 'BB'. For further information, please refer to our Rating Update on our website.
  • 10.03.2022
    The parent institution of Crédit du Nord SA, Société Générale SA, maintains a significant foreign presence in the Russian Federation. In the wake of the Russian-Ukrainian war, the "positive" outlook is withdrawn and a status "watch (negative)" is assigned in view of this exposure. The LT Issuer Rating is confirmed. All Issue Ratings (AT1, T2, NPS, PSU) also receive the status "watch (negative)".
  • 06.12.2021
    Creditreform Rating has raised the outlook of Crédit du Nord SA from 'negative' to 'positive'. The long-term issuer rating was affirmed at BBB+. In addition, Creditreform Rating has affirmed the Additional Tier 1 rating at BB-, the Tier 2 rating at BB, the Non-Preferred Unsecured Debt rating at BBB and the Preferred Senior Unsecured Debt rating at BBB+. For further information, please refer to our Rating Report on our website.
  • 06.07.2021
    Creditreform Rating AG has revised its rating methodology for the rating of banks (Bank Ratings). Henceforth, only the revised version of the rating methodology ("Version 3.0") will be applied with the end of the consultation process. In addition, Creditreform Rating AG introduced the new sub-methodology „Institutional Protection Scheme Banks“. Hence, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodologies can be found at www.creditreform-rating.de.
  • 04.12.2020
    Creditreform Rating has confirmed the rating of Crédit du Nord SA with 'BBB+'. The outlook was changed from 'watch negative' to ‘negative´. In addition, Creditreform Rating has determined the rating of the debt classes as follows. The rating of the Additional Tier 1 class was confirmed at 'BB-'. The rating of the Tier 2 class was confirmed at 'BB'. The rating of the Non-Preferred Senior Unsecured class was confirmed at 'BBB'. The rating of the Preferred Senior Unsecured class was confirmed at 'BBB+'. For further information please refer to our Rating Report on our homepage.
  • 28.03.2020
    Creditreform Rating has set the rating of all valid bank ratings and bank issues to watch negative due to the currently not assessable impact of the Corona Crisis. Not affected by this rating action are government related banks. We refer to the free available Monitoring Report for a more detailed explanation.
  • 26.08.2019
    Creditreform Rating has affirmed the rating of Crédit du Nord SA with BBB+. The outlook is stable. In addition, Creditreform Rating affirmed the rating of Additional Tier 1 with BB- and the rating of Tier 2 with BB. The rating of the preferred senior unsecured debt class was also affirmed at BBB+ (after reclassification from senior unsecured debt). The rating of the non-preferred senior unsecured debt was set to BBB.
  • 21.06.2019
    Creditreform Rating AG has revised its rating methodology for the rating of "Bank Capital and Unsecured Debt Instruments". Henceforth, only the revised version of the rating methodology ("Version 2.0") will be applied. Moreover, all current ratings of bank capital and unsecured bank instruments will be reviewed as part of our current monitoring and receive therefore the rating supplement "watch". Our revised rating methodology can be found at www.creditreform-rating.de.
  • 27.09.2018
    Creditreform Rating has set the rating of Crédit du Nord SA to BBB+, with stable outlook. Creditreform Rating has also determined the ratings of the debt classes as follows. The rating of Additional Tier 1 was set to BB-, the rating of Tier 2 to BB and the rating of the Senior Unsecured to BBB+.

ISIN Liste

ISIN Action Validity Date Maximum Validity
FR0123100119 03.12.2018 16.06.2020
FR0122188289 03.12.2018 14.03.2019
FR0011223189 03.12.2018 13.07.2020
FR0124075344 03.12.2018 20.12.2018
FR0124237365 03.12.2018 23.05.2019
FR0125044836 03.12.2018 08.09.2020
FR0123591309 03.12.2018 01.03.2021
FR0125044778 03.12.2018 08.06.2021
FR0122391198 03.12.2018 11.07.2019
FR0108864663 03.12.2018 14.06.2021
FR0124075419 03.12.2018 15.02.2019
FR0125044794 03.12.2018 21.06.2021
FR0124889652 03.12.2018 16.06.2020