France’s triple A rating under spotlight

France has come under the spotlight in August 2011 as markets hunt for the next downgrade candidate in the wake of the US ratings cut by Standard & Poor’s on the 5 August 2011.

Nevertheless, French officials insisted there is no immediate danger of a downgrade, and S&P reiterated on the 8 August 2011 that France had a 'well thought out budget strategy' that justified its triple A rating and stable outlook.

France24, 9.8.11: Where does France stand amid the financial crisis? http://www.france24.com/en/20110808-france-financial-crisis-credit-rating-ecb-usa-standard-poors-paris-debt-economy

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