| Standard & Poor's Ratings Services late Monday said it stripped France's sovereign wealth fund of its triple-A rating and lowered its long-term credit ratings on Groupe BPCE, Credit Agricole , and Societe Generale to A from A-plus.
The outlook on each bank rating is stable, the firm said. S&P lowered its long-term credit rating on state-backed Caisse de Depots et Consignations, the country's sovereign wealth fund, to AA-plus from triple-A, with a negative outlook...............................................Full Article: Source
|