Keyword: Standard & Poor's
Move comes almost two years after country lost its top AAA status; prime minister insists France is still one of best-rated nations in world.
Ratings agency Moody's maintains triple-A rating for France, despite the downgrade inflicted on the country by Standard & Poor's last Friday.
Ratings agency Standard & Poor’s announced Friday that it had downgraded France’s triple-A credit rating to AA+. Mediapart editor François Bonnet argues here that the downgrade has stripped bare President Nicolas Sarkozy’s attempts, as he prepares to announce his candidature for re-election in April, to hide the amplitude of the economic crisis and his own failures in Europe and at home.