Latest report just out from the US ratings agency

  • large French banks will continue to benefit in 2016 from diversified and conservative business models
  • solid balance sheets noted
  • impact from fragile French economy and a persistently low interest -rate environment is likely to be manageable

Reuters reporting

  • Fitch has a Stable Outlook on 5 of the 6 major French banks' IDRs ( long-term issuer default ratings)
  • Fitch sees further economic recovery in France with 2016 GDP growth of +1.5% up from 1.1% in 2015
  • expects all major French banks to continue to generate adequate risk-adjusted returns

Read more at Fitch here