Credit Foncier to Buy Stake in RE Specialist

October 22, 2003, 2:00 p.m. EDT 1 Min Read

Credit Foncier de France has agreed to buy Assurances Generales de France's controlling stake in French real estate finance specialist Entenial, and Entenial's ratings are improving as a result, Moody's Investors Service has reported.Citing CFF's plan to buy AGF's 72.15% stake in Entenial, Moody's has upgraded Entenial's debt and long-term deposit ratings and put the company's D-plus financial strength rating on review for a possible upgrade. Moody's can be found on the Web at http://www.moodys.com.

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