Moody’s changes view on French banks

Moody's Investors Service said it revised the outlooks to positive from stable on the Aa2 long-term bank deposit and senior unsecured ratings of Caisse Des Depots et Consignations (CDC), EPIC Bpifrance's Aa2 long-term issuer rating and SFIL's Aa3 long-term deposit and senior unsecured ratings.

The agency also affirmed the ratings.

Moody's affirmed and changed the outlooks to positive from stable on the ratings backed by the French government or by CDC of Caisse Autonome de Refinancement, Bpifrance Financement, Caisse C'ale du Crédit Immobilier de France (3CIF), CDC Ixis and Ixis CIB, now merged into Natixis.

Moody’s said the actions follow the change in the outlook on the ratings on the government of France to positive from stable.

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