($EURUSD, $MACRO) S&P TELLS REUTERS RATING ACTION REGARDING GERMAN BANKS DEPENDS ON EXTENT OF EUROPEAN DEBT CRISIS
S&P SAYS VERY LIKELY GERMAN BANKS COULD DIGEST GREEK DEFAULT WITHOUT STATE AID IF CRISIS CAN BE CONTAINED
S&P SAYS PROFIT OUTLOOK FOR GERMAN BANKS APPEARS NEGATIVE, BUT NOT THREATENING YET IF NO RECESSION, FURTHER WIDENING OF CRISIS
S&P SAYS EQUITY CAPITAL AND REFINANCING ARE NOT PARTICULAR STRENGTHS AT BIG GERMAN AND FRENCH BANKS
S&P SAYS BIG FRENCH BANKS TYPICALLY HAVE BETTER BUSINESS PROFILES THAN BIG GERMAN PEERS
S&P SAYS POTENTIAL LOSS OF CONFIDENCE IN BANKS IN CASE CRISIS WIDENS COULD CREATE NEED FOR SUPPORT AS IT DID AFTER LEHMAN-Reuters