S&P: Banque PSA view negative

Standard & Poor's said it revised the outlook on Banque PSA Finance to negative from stable. At the same time the agency said it affirmed the BBB/A-2 long- and short-term counterparty credit ratings on Banque PSA.

The agency said the outlook revision follows a similar action on Banque PSA's parent, Peugeot SA.

S&P said it caps Banque PSA's long-term rating two notches above that on PSA, because of its regulated status as a bank and S&P's view of its "moderate" systemic importance in France.

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