Ratings agency Moody's downgraded the debt of BNP Paribas (BNPP.PA), Societe Generale (SOGN.PA), and Credit Agricole (CAGR.PA) on Friday, citing deteriorating liquidity and funding conditions.

Source: Reuters

http://www.reuters.com/article/2011/12/09/us-france-banks-moodys-idUSTRE7B80M420111209