Quotes of the Day

A combo made on September 12, 2011 shows logos of the French banks, Credit Agricole taken in 2005, Societe Generale taken in 2002
Wednesday, Sep. 14, 2011

Open quoteIt's a very small downgrade, and Moody's had a higher rating than the other agencies so it's just put them on the same level or slightly better than the others.Close quote

  • Bank of France governor CHRISTIAN NOYER,
  • trying to offer reassurance that the French banks, Credit Agricole and Societe Generale, have enough capital to cover losses after Moody's downgraded their credit ratings over exposure to Greek debt
Photo: JEAN-PIERRE MULLER / AFP / Getty Images | Source: BBC