In addition to the EFSF, the next target in S&P's sights could be beleagured French banks,...

|By:, SA News Editor
In addition to the EFSF, the next target in S&P's sights could be beleagured French banks, which have suffered due to their eurozone debt exposure. Still, BNP Paribas (BNPQY.PK) could be spared - for now - as France's downgrade was only one notch, while some analysts played down the affect of further ratings cuts on banks.