Bloomberg News

Baroin Says He Regards French Bank Downgrades Dispassionately

January 24, 2012

Jan. 24 (Bloomberg) -- French Finance Minister Francois Baroin said he looks upon the decision of Standard & Poor’s to lower the credit ratings of Societe Generale SA and Credit Agricole SA dispassionately.

“The more time passes, the more dispassionate I am about the decision of the rating agencies, especially this one,” Baroin said at a press conference in Brussels.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net


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