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French TV says France downgraded by S&P, citing source

Europe

Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source.

Senh: It seems like these credit rating agencies are downgrading everyone. It was shocking when they downgraded the U.S., but now they're going after European countries.

 

S&P: confident France to maintain AAA, stable outlook

Standard & Poor's head of France said on Thursday that the agency was confident of maintaining France's AAA credit rating unchanged with a stable outlook.

 

France, Britain AAA-ratings under scrutiny after U.S. cut

France and Britain are most vulnerable within Europe to a rating review following the U.S. downgrade, with anemic growth and hefty borrowing placing them among the shakiest of the world's triple-A rated lenders.

 

S.&P. Warns Bank Plan Would Cause Greek Default

The rating agency said a plan proposed by the French government and banks to roll over some debt could fall within the definition of default.

 

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