S&P downgrades Panasonic one notch to 'a'
Ratings agency Standard & Poor's said it had downgraded Japan's Panasonic one notch to ``A'' with a negative outlook, citing pressure on its digital products such as flat panel TVs.
S&P has downgraded its rating of a number of French banks, while confirming its AA- with a negative outlook for BNP and Paribas.