Credit Agricole, Danske Bank Downgraded by Fitch After Review
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Credit Agricole SA and Danske Bank A/S were among five European lenders to have their credit grades cut one level by Fitch Ratings, which cited “stronger headwinds” in the industry.
Rabobank Groep, Banque Federative du Credit Mutuel and OP-Pohjola Group also were downgraded, Fitch said yesterday in a statement. The moves followed a review of the world’s largest lenders, Fitch said.