S&P downgrades BNP Paribas, 2 other French banks

http://money.cnn.com/2012/10/25/investing/french-banks-downgrade/index.html?iid=HP_LN

"We see them as more exposed to this more difficult European environment," said the statement from S&P. "In our view, the economic risks under which French banks operate are increasing, leaving [them] moderately more exposed to the potential of a more protracted recession in the eurozone."