Moody's Investors Service cut the credit
ratings Societe Generale SA, BNP Paribas SA and Groupe Credit Agricole. Moody's
claimed there is a very high probability the financials will get government
support if needed. Agency cut credit rating for Societe Generale to A1 while
ratings for BNP Paribas and Credit Agricole were reduced one level down to Aa3. The
downgrading proposes threat to France's AAA debt rating.