French banks under pressure
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French bank ratings downgraded by Moody's

Credit rating agency Moody's has downgraded two French banks after reviewing their exposure to Greek debt.

Credit Agricole was cut from Aa1 to Aa2 and Societe Generale from Aa2 to Aa3.

A third bank, BNP Paribas, was kept on review for a possible downgrade.

Christian Fraser reports.

  • 14 Sep 2011
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