The Abria Alternative Combined Return Notes (AACORN) are issued by BNP Paribas (Canada) and provide 100% guaranteed capital repayment backed by its parent company BNP Paribas S.A.
As of the end of 2004, BNP Paribas S.A. was the Euro-zone’s largest banking group in terms of market capitalization. The BNP Paribas Group is one of the top global players in financial services, conducting retail, corporate and investment banking, private banking, asset management, insurance and specialized and other financial activities throughout the world. Based on total assets ($1.4 trillion at June 30, 2004), the BNP Paribas Group was the largest banking group in France, the fifth largest in Europe, and the seventh largest in the world.
As at June 30, 2010, BNP Paribas S.A. has long-term senior debt ratings of “Aa2” from Moody’s Investors Services, “AA” from Standard & Poor’s Rating Services and “AA-” from Fitch Ratings. Its ratings can be found on its website or by clicking here.
