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Standard and Poor’s to downgrade French rating

More ratings cuts across the eurozone ‘imminent,’ sources say


 

A downgrade of the credit ratings of a number of European governments by Standard & Poor’s is said to be imminent, the Wall Street Journal reports, citing two anonymous sources. S&P could announce the ratings cuts as soon as Friday, an unidentified government official told the newspaper. The credit rating agency, which ripped the U.S. of its longstanding AAA rating last summer, had placed 15 euro-zone countries on negative credit watch in December. News of the impending downgrade rattled the markets, with the euro diving to a new low against the U.S. dollar.

Update: Later on Friday, Standard and Poor’s notified the French government that the country’s credit rating would be downgraded one notch, from AAA to AA+, a senior French government official told the Wall Street Journal.

Wall Street Journal

Wall Street Journal


 
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Standard and Poor’s to downgrade French rating

  1. The USA should be downgraded. It is close to collapse

  2. Considering their recent history, and the needed component of toxic assets that make up a triple A rating… the US is likely appropriately graded at this time Rollandmiller.

    Besides as they recently stated… their ratings are just an opinion, not something that should be taken seriously.

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