Institute for Research in Economic and Fiscal issues

IREF Europe - Institute for Research in Economic and Fiscal issues

Fiscal competition
and economic freedom

Two French banks downgraded by Moody’s

Suspected to be too vulnerable because of their "Greec holdings" two of the biggest French banks, Société Générale and Crédit Agricole have been downgraded by the credit rating agency Moody’s.

Indeed, American money market funds — an important source of dollars for the banks — have been shying away from both banks since the crisis intensified over the summer. The ratings company downgraded Societe Generale from Aa2 to Aa3, and Credit Agricole from Aa1 to Aa2. It said it was keeping BNP Paribas at Aa2 for the time being, but all three banks face continuing review.

Share this article :

Related contents ...

And Yet It Grows. Crisis, Ideology, and Interventionist Policy Ratchets
by Christian Bjørnskov and Martin Rode

Ten Years from the onset of the Great Financial Crisis. What has been reformed?

ECB Interest Rate: One Size Doesn’t Fit All

The Greek Privatizations

Any message or comments?

Show Form

 css js

By continuing browsing our website, you agree with our cookies policy

Monthly newsletter
Receive our publications for free