That interpretation didn't sit well with the bank or with Ambac Financial Group, which had written insurance on BNP Paribas' notes.

FORBES: Magazine Article

The second group included Goldman Sachs, Societe Generale, Barclays, Credit Agricole, BNP Paribas, Credit Suisse, Deutsche Bank and UBS. Moody's said these firms had varying risk factors, from high dependence on capital markets operations to limited liquidity and exposure to Europe.

CNN: Explainer: The power of credit rating agencies