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Credit Agricole Weighs Hedging Risky Debt in Car Dealer SRT
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Credit Agricole Weighs Hedging Risky Debt in Car Dealer SRT Credit Agricole SA is considering offloading credit risk linked to lending to European car dealerships grappling with cost pressures and the transition to electric vehicles. The Paris-based lender is conducting a preliminary assessment of investor appetite for a significant risk transfer tied to about €1 billion ($1.12 billion) of floorplan facilities, which dealers use to buy showroom inventory and repay when vehicles are sold,...
Credit Agricole Weighs Hedging Risky Debt in Car Dealer SRT
Credit Agricole SA is considering offloading credit risk linked to lending to European car dealerships grappling with cost pressures and the transition to electric vehicles.
The Paris-based lender is conducting a preliminary assessment of investor appetite for a significant risk transfer tied to about €1 billion ($1.12 billion) of floorplan facilities, which dealers use to buy showroom inventory and repay when vehicles are sold, according to people familiar with the matter.