评级机构将法国巴黎银行（BNP Paribas SA）和农业信贷银行（Credit Agricole SA）的评级展望下调至负面，原因是法国不断扩大的财政赤字推高了利差并拖累经济。
Ratings lowered the outlook for BNP Paribas SA and Credit Agricole SA to negative as the widening deficit in France pushes up spreads and weighs on the economy.
该信用评级公司周二晚间在一份声明中表示：“主权和经营环境压力对银行的盈利、资产质量、资金和流动性构成中等风险。”
“Sovereign and operating environment pressures pose moderate risks to banks’ earnings, asset quality, funding and liquidity,” the credit rating company said in a statement late Tuesday.
此举紧随惠誉（Fitch）将法国主权评级展望下调至负面的决定之后。惠誉表示，包括法国兴业银行（Societe Generale SA）和BPCE集团（Groupe BPCE）在内的其他大型银行，并未“立即受到主权行动影响”。法国已面临数周有时甚至出现暴力的抗议活动，抗议生活成本高企，而公共债务飙升已使局势十分紧张。该国债券市场承压，因为投资者担忧政府缩小预算赤字的能力，导致法国与德国国债收益率的利差升至十五年来的最高水平。
The move follows a decision by Fitch to lower the outlook on France’s sovereign rating to negative. Fitch said that other large banks, including Societe Generale SA and Groupe BPCE, aren’t “immediately affected by the sovereign action.”France has faced weeks of sometimes violent protests over the cost of living, against an already tense backdrop of surging public debt. The country’s bond markets have suffered as investors fret over the government’s ability to narrow the budget deficit, pushing the spread between French and German yields to the highest level in a decade and a half.
该国几家顶尖金融公司近期在财报中强调，其全球业务能够抵御债务问题和社会动荡，其中安本基金（Amundi SA）首席执行官瓦莱丽·博松（Valérie Baudson）表示，这些事态对她的公司“没有影响”。
Several of the country’s top finance firms used recent earnings to stress that their global operations offer protection from the debt problems and social unrest, with Amundi SA Chief Executive Officer Valérie Baudson saying the developments have “no impact” on her firm.
农业信贷银行首席执行官奥利维尔·加瓦尔达（Olivier Gavalda）持较为悲观的看法，警告称艰难的环境开始导致投资放缓。加瓦尔达将海外增长作为其战略的关键支柱，以减少对法国的依赖。
Credit Agricole CEO Olivier Gavalda took a less optimistic view, warning the difficult environment is starting to cause a slowdown in investment. Gavalda has made growth abroad a key pillar of his strategy, in order to reduce dependence on France.
法国巴黎银行表示，其对法国的风险敞口“有限”，约为190亿欧元（210亿美元）的法国主权债券。法国兴业银行则披露，其对被称为OAT的法国主权债务的风险敞口约为72亿欧元。
BNP Paribas has said it has a “limited exposure” to France, with about €19 billion ($21 billion) in the country’s sovereign bonds. Societe Generale has flagged an exposure of about €7.2 billion to French sovereign debt known as OATs.
惠誉表示，法国主权债务的直接风险敞口对法国大型银行而言“适中”，占其一级核心资本（CET1）水平的15%至30%，若计入保险子公司，则占30%至60%。
Fitch said direct exposure to French sovereign debt is “moderate” for France’s large banks, putting it at between 15% and 30% of their CET1 capital levels, or between 30% and 60% when including insurance subsidiaries.
该公司表示，法国主权债券利差扩大100个基点将“通常”使被纳入的贷款机构的CET1比率下降不到10个基点。
The firm said that a spread widening of 100 basis points in French sovereign bonds would “generally” cut CET1 ratios of the included lenders by less than 10 basis points.