In its comments, the rating agency highlighted BNP Paribas' "strong and highly diversified business profile; sound financial position, characterized by contained risk, satisfactory profitability, adequate capitalization, and high financial flexibility; good and stable management; and moderate risk appetite".
This rating ranks BNP Paribas among the four best rated banks in the world.
Read full text of S&P Rating Rationale (382 ko) and also available at http://www.ratingsdirect.com
About BNP Paribas
BNP Paribas (www.bnpparibas.com) is a European leader in banking and financial services, and is one of the world's four most solid banks according to Standard & Poor's. It is present in more than 85 countries and employs more than 168,000 people, including 129,500 in Europe. BNP Paribas enjoys key positions in its three core businesses: Corporate and Investment Banking, Asset Management & Services and Retail Banking. Present throughout Europe through all its businesses, France and Italy are its two domestic retail banking markets. BNP Paribas also has a strong and growing presence in the United States and strong positions in Asia and the emerging countries.