Rating agencies unmoved by Calyon's rogue trade

Standard & Poor's, Fitch Ratings and Moody's Investors Service all affirmed their ratings and ratings outlooks for Calyon and its parent company, Credit Agricole, following the disclosure of a large rogue trade last month.

The agencies commented on September 19, satisfied for the time being that risk management controls at the investment banking arm of Credit Agricole are adequate following its shock announcement on September 18 that a large unauthorised credit derivatives index trade would knock

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