Moody's Downgrades Seven Major French Banks
The American rating agency Moody's has announced a downgrade of the credit rating of seven major French banks, from Aa3 to A1. This decision comes after the downgrade of France's sovereign rating, a strong signal of growing concerns related to the country's political and economic instability.
The seven establishments affected by this revision are:
- BNP Paribas
- Crédit Agricole SA
- Crédit Agricole Corporate and Investment Bank
- Banques régionales du Crédit Agricole
- Banque Fédérative du Crédit Mutuel (BFCM)
- CIC
- Crédit Mutuel Arkéa (CMA)
