PARIS, July 3 Standard and Poor's affirmed its
'A+' long-term credit rating on BNP Paribas on Thursday after
the French bank pleaded guilty to two criminal charges and
agreed to pay almost $9 billion to resolve accusations it
violated U.S. sanctions.
S&P said it revised its assessment of the bank's capital to
"moderate" from "adequate" and placed the rating on a negative
outlook from Credit Watch negative.
"The negative outlook reflects that we may lower the ratings
on BNP Paribas if the implications of the sanctions on the
bank's risks and business profile are more detrimental than we
currently expect," S&P said in a statement.
It also lowered junior subordinated debt rating by one notch
(Reporting by Leigh Thomas; editing by Maya Nikolaeva)