S&P: What's Behind The Recent Rating Actions On The Five Largest French Banks?

What's Behind The Recent Rating Actions On The Five Largest French Banks? (00:06:48 min)

In light of more challenging economic and funding market conditions, Standard & Poor's Ratings Services took various rating actions on the five largest banks in France. Additionally, Standard & Poor's has also revised the Banking Industry Country Risk Assessment (BICRA) on France to Group 2 from the lower-risk Group 1. In this CreditMatters TV segment, Elisabeth Grandin, one of our senior analysts for European Banks, discusses the report related to these rating actions, which was published Oct. 14, 2011.

Bloomberg:French Banks Face Greatest Italian Risk

French Banks Face Greatest Italian Risk
Q By Fabio Benedetti-Valentini - Jul 13, 2011 7:01 AM GMT+0900

French banks, including BNP Paribas SA and Credit Agricole SA (ACA), have the most at risk from the euro- region’s debt crisis infecting Europe’s largest borrower: Italy.

Reuters: France, banks agree Greek debt proposa:source

Reuters: France, banks agree Greek debt proposa:source
PARIS | Sun Jun 26, 2011 5:34pm EDT

(Reuters) - The French government and banks have agreed on a proposal to make a Greek debt rollover more palatable to creditors, a banking source said on Sunday, confirming a report in Le Figaro newspaper.

S&P: How Tougher Regulations Would Prompt French Banks To Bolster Capital

How Tougher Regulations Would Prompt French Banks To Bolster Capital (00:04:20 min)

French banks continue to post adequate results and benefit from sound asset quality. However, they will continue to operate in a constraining playing field featuring low domestic economic growth, uncertain capital markets, and stricter regulations. The tighter regulatory regime should prompt banks to bolster their capital. In this CreditMatters TV video, Standard & Poor's Director Elisabeth Grandin takes an in-depth look at the situation.

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