France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as yields on the nation’s debt climbed on concern that Europe’s sovereign debt crisis is intensifying according to the good folks at Bloomberg.
The outlook on France is stable and its AAA ranking is “warranted,” Moritz Kraemer, S&P’s managing director of European sovereign ratings, said today in a Bloomberg television interview. Francesco Meucci, a spokesman for Moody’s, said in a telephone interview the country’s Aaa grade is “stable” and Fitch spokesman Brian Bertsch said France is rated AAA with stable outlook as per its May 31 statement…
Find out more at http://www.bloomberg.com/news/2011-08-10/french-aaa-credit-affirmed-by-standard-poor-s-moody-s-amid-market-rout.html
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