Dec. 9 (Bloomberg) -- Moody’s Investors Service today cut ratings on Societe Generale SA, BNP Paribas SA and Credit Agricole SA, citing worsening liquidity and access to funding.
The ratings service said in a statement that the probability that Societe Generale will get systemic support is very high.
Each of the three banks had their long-term debt and deposit ratings cut by one step.
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