Accidental Downgrade or Glimpse of Future ? Why France Should Be Worried About Its Rating
[Spiegel Online]
The recent downgrade by Standard & Poor's may have been an error, but France is unlikely to be able to hold on to its top credit rating for much longer. The country's financial data indicates a loss of its AAA mark is likely in the not-too-distant future -- something that would spell yet more bad news for Europe.
In the best-case scenario, the Standard & Poor's analysts just made a stupid error on Thursday when they sent out an email downgrading France's credit rating. In the worst-case scenario, they did it on purpose. But regardless of the motivation behind the email, the Standard & Poor's analysts may be simply anticipating reality.
France still has top AAA marks with all three major ratings agencies, but market players have been asking themselves for some time how long that will remain the case.Lire : spiegel.de
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