After the public giants (Edf, Rte and Sncf downgraded last week) the Standar&Poor's gap hits some of the main French banks who see their rating drop as a direct consequence, according to the rating agency itself, of the triple A cut suffered by sovereign debt.
In a note published last night, the rating agency carried the judgment of Société Généraland, according to the French lender, from A+ to A, because the bank would no longer have two points of support from the government, but only one, and in the same way the rating on the BPCE group and Crédit Agricole has been revised downwards. In all three cases the stable outlook was maintained. Also rejected was Caisse des Dépots et Consignations which saw its rating rejected from AAA to AA+, with a negative outlook.
On the other hand, the opinions on the Bnp Paribas group remained unchanged, whose long-term rating was confirmed at AA, and on Crédit Logement, but for both negative trend predictions, which could preclude an upcoming downgrade.
