Standard & Poor's has announced a possible downgrade of the French insurers' rating

According to S&P, the rising overall loss ratio, the falling bond yields and the exposure to the Greek debt (25 billion USD) are likely to affect the rating of the French insurers in a negative way. In the event of the Greek debt being revised downwards or in case Portugal's or Spain's is downgraded, the situation of the French insurers will become alarming.