France boosted by Moody’s, seeks to brush off S&P’s downgrade


Ratings agency Moody's maintains triple-A rating for France, despite the downgrade inflicted on the country by Standard & Poor's last Friday.

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French President Nicolas Sarkozy secured a small boost from the Moody’s rating agency Monday following a bruising downgrade last week of the way the country had been handling its economy and the wider European debt crisis, reports The Washington Post.