Thomas Murray has given an overall public French domestic custody rating of AA- to CDC IXIS, with a stable outlook.
The ratings company said that CDC IXIS demonstrates a very strong French domestic custody offering and has been upgraded as a result of improvements made over the last year.
In addition, Thomas Murray has awarded CDC Urquijo (51% owned by CDC IXIS and 49% owned by Banco Urquijo) a public Spanish domestic custody rating of A+ overall, also with a stable outlook.
CDC Urquijo also demonstrates a strong offering and has been upgraded as a result of improvements made over the last year, Thomas Murray said.