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Friday, October 14, 2011

S & P lowered Paribas rating to AA-

S & P lowered Paribas rating to AA- Sina Financial News Hong Kong time on October 15 morning news, Standard & Poor's on Friday the Paris bank's long-term counterparty credit rating from "AA" down to "AA-". The rating agency said the economic outlook is worse in Europe, including France, some banks have large exposure to the edge of the country. "We expect this more difficult environment, with the rising cost of financing will result in (Paribas) profit fell ...S & P lowered Paribas rating to AA-

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