Moody's continues Banque review

Moody's Investors Service said that the D+ bank financial strength rating and Baa3 long-term debt and deposit ratings of Banque PSA Finance remain on review for downgrade.

The bank's Prime-3 short-term debt and deposit ratings, its provisional Ba1 subordinated and provisional Ba2 junior subordinated debt program ratings, as well as Peugeot Finance International NV's Baa3 backed senior unsecured rating and the P-3 backed commercial paper rating of Sofira SNC, two subsidiaries of BPF, also remain on review for downgrade.

The review follows the Oct. 10 downgrade of Banque PSA's parent Peugeot SA's senior unsecured debt ratings to Ba3 from Ba2.

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