Répercutions de la situation de la Grèce :
http://www.zerohedge.com/article/moodys ... k-exposureWhile S&P appears to have completely forgotten about the country of Belgium, Moody's has realized that should Greece default, which is now inevitable, there may be aftershocks. Today, it focuses on France, and its three main banks Credit Agricole, SocGen and BNP, all of which it has put on downgrade review with a one notch maximum downgrade potential (except for SocGen which is two). Moody's also refreshed those who care that its downgrade review of Belgium's Dexia is ongoing and could result in a two-notch downgrade.....
.........Credit Agricole SA (CASA): standalone credit strength C+ / mapping to A2 on Moody's long-term scale, with an adjusted baseline credit assessment (BCA) of Aa3 and a senior long-term rating Aa1, all on review for downgrade.
- BNP Paribas SA (BNPP): B-/A1 and Aa2 ratings on review for downgrade.
- Societe Generale SA (SocGen): C+/A2 and Aa2 ratings on review for downgrade.
The short-term Prime-1 ratings of the three French banking groups have been affirmed.
Moody's notes that CASA's and BNPP's reviews are unlikely to lead to downgrades of more than one notch. SocGen's debt and deposit ratings could be downgraded by as much as two rating notches because its review will include a reassessment of the uplift it receives from systemic support, which is currently higher-than-average for the French banking system.......