Moody’s downgrades three French banks

The US isn’t the only place that is getting its credit rankings lowered. Three French banks just had their Moodys credit rankings downgraded. The organizations include  BNP Paribas,Société Générale and Crédit Agricole. BNP Paribas and Credit Agricole were taken down to Aa3 and Socgen was downgraded to A1 after a review that they announced back in June. Much…