Ratings as at 31 March 2012

 

Long-term Outlook Short-term

 

 

Dexia Crédit Local

 

 

Fitch A+ Negative outlook

F1+

 

 

Moody's Baa1 Under review for possible downgrade

P-2

 

 

Standard & Poor's BBB Rating watch negative

A-2

 

 

Dexia Banque Internationale à Luxembourg      

 

 

Fitch A+ Rating watch negative F1+

 

 

Moody's Baa1 Under review for possible downgrade

P-2

 

 

Standard & Poor's A- On watch developing

A-2

 

 

DenizBank    

 

 

 

Moody's (foreign currency) Ba3 Positive outlook

 

 

Moody's (local currency) Baa2 Stable outlook P-2

 

 

Fitch (foreign currency) BBB- Stable outlook F3

 

 

Fitch (local currency) BBB Rating watch negative

F3

 

 

Dexia Municipal Agency
(obligations foncières)
     

 

 

Fitch AAA - -

 

 

Moody's Aa1 Under review for possible downgrade -

 

 

Standard & Poor's AAA Rating watch negative -

 

 

Dexia Kommunalbank Deutschland (Pfandbriefe)    

 

 

Standard & Poor's AAA Rating watch negative -

 

 

Dexia LDG Banque (lettres de gage)

 

 

Standard & Poor's AAA Rating watch negative -