News: Page (1) of 1 - 01/13/12 Email this story to a friend. email article Print this page (Article printing at MyDmn.com).print page facebook

France loses AAA-rating in blow to eurozone

S&P cuts France's rating to AA, hurting eurozone's ability to fight off crisis By The Associated Press

PARIS (AP) ' France's finance ministry says Standard & Poor's has cut the country's credit rating by one notch to AA.

France's loss of its AAA-rating deals a heavy blow to the eurozone's ability to fight off its debt crisis. The country is the second-largest contributor to the currency union's bailout fund.

S&P in December put 15 eurozone countries on creditwatch and other downgrades were expected later Friday.



The cut in France's creditworthiness could also hurt President Nicolas Sarkozy's re-election chances.


Page: 1


Related Keywords:Europe-Financial Crisis,Financial crisis,Economy,Business,Financial markets

[ServletException in:/common/ads/links.jsp] The absolute uri: http://java.sun.com/jstl/core cannot be resolved in either web.xml or the jar files deployed with this application'

Our Privacy Policy --- @ Copyright, 2015 Digital Media Online, All Rights Reserved