Bloomberg News

Moody’s: SocGen Chances of Getting Systemic Support Very High

December 09, 2011

Dec. 9 (Bloomberg) -- Moody’s Investors Service said that the chances that Societe Generale SA will receive systemic support are very high.

The ratings service today cut the bank’s long-term debt and deposit rating to by one step to A1, citing funding constraints.

To contact the editor responsible for this story: David Whitehouse at dwhitehouse1@bloomberg.net


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