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S&P Global Ratings on July 4 changed to positive from stable the outlook on France-based BNP Paribas SA and majority of its core banking units, while affirming their A/A-1 long- and short-term issuer credit ratings.
The units include BGL BNP Paribas SA, BNP Paribas Fortis SA and BNP Paribas Securities Services.
The agency also revised the outlook on the bank's U.S. unit Bank of the West to positive from stable and affirmed the unit's long- and short-term issuer credit ratings at A-/A-2. The...