In its press release of 15 June, 2011, Moody‘s announced a review of the BFSRs and long-term ratings of three French banking groups (BNP Paribas, Credit Agricole SA and SocGen) because of concerns about the potential inconsistency between their ratings and their exposures to the Greek economy (Greece is rated Ca, outlook developing), either through their holdings of government bonds or the credit they had extended to the Greek private sector.