S&P Downgrades Two Major French Banks
S&P downgraded the sovereign wealth fund of France from AAA to AA+. The move follows a downgrade of the nation’s debt Two French banks, probably saddled by balance sheets which contain sovereign debt from regional countries, were also downgraded According…
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S&P downgraded the sovereign wealth fund of France from AAA to AA+. The move follows a downgrade of the nation’s debt
Two French banks, probably saddled by balance sheets which contain sovereign debt from regional countries, were also downgraded
According to the AP
Credit Agricole and Societe Generale were also downgraded. The ratings agency confirmed the rating of the country’s other major bank, BNP Paribas.
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