Advertisement

France loses AAA-rating: source

Share this article

16:29 CET+01:00

Standard & Poor's has decided to downgrade France's top-notch credit rating but will spare Germany, Belgium, Luxembourg and the Netherlands, an EU government source told AFP on Friday.

 

"France loses its triple-A rating," the source said on condition of anonymity.

 

Standard and Poor's Corp earlier on Friday declined to comment on rumours on the markets that it was about to downgrade several eurozone credit ratings, as stocks and the euro turned lower after earlier gains.

In December, S&P warned that it could downgrade several eurozone countries – including France with its top AAA rating – as the debt crisis cuts growth.

 

Share this article

Advertisement

From our sponsors

Nine essential French phrases for the modern traveller

Want to learn useful French phrases and nail the accent? With Tandem, you can instantly connect with a native speaker and practice for free.

Advertisement
Advertisement
3,636 Jobs
Click here to start your job search
Advertisement
Advertisement

Popular articles

Advertisement
Advertisement