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Moody's strips France of triple-A rating; a notch lower (Aa1)
Reuters ^ | Nov 19, 2012

Posted on 11/19/2012 5:27:01 PM PST by TigerLikesRooster

Moody's strips France of triple-A rating; a notch lower

Mon Nov 19, 2012 6:05pm EST

(Reuters) - Moody's Investors Service downgraded France's sovereign rating by one notch to Aa1 from Aaa, the agency said on Monday, citing the country's uncertain fiscal outlook as a result of "deteriorating economic prospects."

Moody's said it is maintaining a negative outlook on the country due to structural challenges and a "sustained loss of competitiveness" in the country.

Standard & Poor's has a AA-plus rating and negative outlook on France, which it downgraded by one notch in January from AAA. Fitch Ratings has France at AAA, also with a negative outlook.

The loss of Aaa rating from two agencies poses a problem for France, as investment funds often require their best assets to have a minimum of two top notch ratings in order to remain in their portfolios.

(Excerpt) Read more at reuters.com ...


TOPICS: Business/Economy; Extended News; Foreign Affairs; News/Current Events
KEYWORDS: europeanunion; france; moodys; rating

1 posted on 11/19/2012 5:27:10 PM PST by TigerLikesRooster
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To: TigerLikesRooster; PAR35; AndyJackson; Thane_Banquo; nicksaunt; MadLibDisease; happygrl; ...

P!


2 posted on 11/19/2012 5:28:22 PM PST by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: TigerLikesRooster

Bush’s fault!


3 posted on 11/19/2012 5:31:07 PM PST by ari-freedom (It's the bennies, stupid.)
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To: TigerLikesRooster

What a sick joke.

That there should be an A or an a in their credit rating.

The entire sovereign rating is flim flam.


4 posted on 11/19/2012 5:35:58 PM PST by ChildOfThe60s (If you can remember the 60s.....you weren't really there)
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To: TigerLikesRooster

We’re next.


5 posted on 11/19/2012 5:40:57 PM PST by LiddysFlame
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To: ChildOfThe60s
Chances are that U.S. and a few other countries may still keep some “A” rating even after running up debts totaling 300% of GDP.:-)
6 posted on 11/19/2012 5:52:10 PM PST by TigerLikesRooster (The way to crush the bourgeois is to grind them between the millstones of taxation and inflation)
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To: Cincinna; Olog-hai; AdmSmith; AnonymousConservative; Berosus; bigheadfred; Bockscar; ColdOne; ...

Thanks TigerLikesRooster.


7 posted on 11/19/2012 6:16:06 PM PST by SunkenCiv (https://secure.freerepublic.com/donate/)
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To: TigerLikesRooster

The only A that counts is the one of “A” rational sane investor that would invest in sovereign debt!


8 posted on 11/19/2012 6:16:47 PM PST by RetiredTexasVet (The law of unintended consequences is an unforgiving and vindictive b!tch!)
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To: ChildOfThe60s

What a sick joke.

They have an incredible amount of tourism. People go to France in droves to see that metal tower......yep even I have been TWICE! lol.


9 posted on 11/19/2012 6:23:08 PM PST by napscoordinator (GOP Candidate 2020 - "Bloomberg 2020 - We vote for whatever crap the GOP puts in front of us.")
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To: napscoordinator

i assume this is a sick joke.
the only one buying us ten year notes is the fed.
The only one buying euronotes is the banks subsidized by the gov.
Complete house of cards.


10 posted on 11/19/2012 7:09:05 PM PST by genghis
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To: genghis
Complete house of cards.

The wind is starting to pick up...

11 posted on 11/19/2012 8:03:11 PM PST by GOPJ (The economy is so bad MSNBC had to lay off 300 Obama spokesmen - Leno)
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