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FIGCovered Bonds

Moody’s places French trio on review

Moody’s placed Société Générale (Aa2), Crédit Agricole (Aa1) and BNP Paribas (Aa2) on review for possible downgrade on Wednesday, because of their exposure to the Greek private sector and government debt, and a potential inconsistency between the impact of a possible Greek default or restructuring and the banks’ higher rating levels.

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