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Moody’s Outlook for French Banks Remains Negative
By Dave | July 7, 2009
The fundamental credit outlook for the Frenchbanking system remains negative, primarily reflecting further likelydeterioration of the macroeconomic environment, says Moody’s InvestorsService in its new Banking System Outlook on France. Moody’s negative outlook for the French banking system expresses the rating agency’s view on the likely future direction of fundamental credit conditions in the industry over the next 12 to 18 months. It does not represent a projection of rating upgrades versus downgrades.
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