Credit Agri­cole sees steep drop on Greek ex­po­sure

Kathimerini English - - Business & Finance -

Credit Agri­cole SA, France’s third-largest bank, dropped as much as 3 per­cent in Paris trad­ing af­ter Stan­dard & Poor’s Rat­ings Ser­vices cut its credit rat­ings, cit­ing risks re­lated to the lender’s busi­ness in Greece. Credit Agri­cole fell as much as 33 cents to 10.52 eu­ros and was trad­ing at 10.58 eu­ros by 1.52 p.m. The bank’s lon­gand short-term coun­ter­party credit rat­ings were low­ered one level to A+/A-1 from AA-

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