Credit Agricole, BNP Paribas and Societe Generale all face a possible downgrade because they could face losses on a Greek default.
Credit ratings are a measure of how likely a company or country is to repay its debts.
Moody's has already downgraded the credit ratings of eight Greek banks.
European leaders have yet to agree on the terms of a second bail-out for Greece.
On Wednesday, the country is expected to see another wave of general strikes against austerity measures.
In a statement, Moody's said: "Today's actions reflect Moody's concerns about these banks' exposures to the Greek economy."
Societe Generale and Credit Agricole both hold majority stakes in Greek banks.
BNP Paribas does not have a stake in a Greek bank, but Moody's estimates that it held about 5bn euros (?4.4bn, $7.2bn) of Greek government debt as of December 2010.
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