Sunday, August 7, 2011

France to lose triple A

AAA France May Be Vulnerable After U.S. Cut

The decision by Standard & Poor’s to downgrade the U.S. credit rating leaves France as the AAA country most likely to lose its top grade, some investors and economists say.
France is more expensive to insure against default than lower-rated governments including Malaysia, Thailand, Japan, Mexico, Czech Republic, the State of Texas and the U.S.
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Comment: It is only a matter of time until there won't any triple A be left.

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