IXIS merger affects Fitch rating

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FRANCE - IXIS Asset Management has been put under watch by Fitch because of the planned merger of its parent company Groupe Caisse d'Epargne with Groupe Banque Populaire.

The ‘Rating Watch Evolving’ tag awarded by Fitch simply means that as a result of the merger the firm’s AM2 rating could go up or down. Naturally, the direction it will eventually take is as yet un...

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