Reply #12: Deutsche Bank, BNP Among Lenders That May Be Cut by S&P Amid Europe Review

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http://www.bloomberg.com/news/2011-12-07/deutsche-bank-bnp-may-be-cut-by-s-p-on-european-nations-review.html

Deutsche Bank AG (DBK) and BNP Paribas SA (BNP) are among European lenders that were placed on CreditWatch negative by Standard & Poor’s amid a similar review of 15 countries in the region.

“We intend to resolve the CreditWatch placement on these banks soon after the resolution of the CreditWatch placement on the related sovereign,” S&P said yesterday in a statement.

S&P said earlier this week that Germany and France may be stripped of their top credit ratings, and yesterday put the European Union’s AAA rating on CreditWatch negative. The euro area’s six AAA-rated countries were among the nations placed on a negative outlook, and their credit ratings may be cut depending on the result of a summit of EU leaders this week, S&P said on Dec. 5.