15-10-2011, 08:59 AM
S&P cuts BNP Paribas, sees French bank sector riskier
NEW YORK | Fri Oct 14, 2011 1:28pm EDT
Oct 14 (Reuters) - Standard & Poor's on Friday cut the rating of French bank BNP Paribas as part of a downward revision of the country's banking sector, which is suffering the impact of tougher economic and funding conditions.
S&P cut BNP Paribas' long-term credit rating to AA-minus from AA.
It also affirmed the rating of four other French banks: BPCE, Credit Agricole , Credit Mutuel and Societe Generale .
Because of their connections to the nuclear industry....
Also http://www.nuclearbanks.org/#/home BNP Paribas invests in Nuclear India (Jaitapur) and also in TEPCO Japan.
"The philosophers have only interpreted the world, in various ways. The point, however, is to change it." Karl Marx
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"He would, wouldn't he?" Mandy Rice-Davies. When asked in court whether she knew that Lord Astor had denied having sex with her.
“I think it would be a good idea” Ghandi, when asked about Western Civilisation.