Well im convinced! If it was just one unnamed person no, but two unnamed people?? There seems to be an overriding will to let the markets go down further. No point trying to fight it.
BNP Paribas (BNP) SA, Societe Generale SA and Credit Agricole SA (ACA), France?s largest banks by market value, may have their credit ratings cut by Moody?s Investors Service as soon as this week because of their Greek holdings, two people with knowledge of the matter said.
Moody?s placed the three banks? ratings on review in June to examine ?the potential for inconsistency between the impact of a possible Greek default or restructuring and current rating levels,? the rating company said at the time. Cuts are likely as the review period concludes, said the people, who declined to be identified because the matter is confidential.
Bloomberg.
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