Moody’s downgrades French banks

September 14, 2011
Moody’s Investors Service has downgrade the Bank Financial Strength Rating (BFSR) of Crédit Agricole SA by one notch, to C from C+. It has also downgraded the bank’s long-term debt and deposit ratings to Aa2 from Aa1, saying the ratings are now more consistent with the bank’s sizeable exposures to the Greek economy. Also today, [...]
Read more at:http://www.bankingtimes.co.uk/2011/09/14/moodys-downgrades-french-banks/

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