PARIS (AP) — Ratings agency Moody’s says it is maintaining
France’s top-tier AAA credit rating for now after the country was
downgraded by rival Standard & Poor’s.
Moody’s maintained France’s outlook at stable. S&P rates France’s outlook as
negative.
Moody’s
cited the economy’s overall strength but said growth prospects present
"risks to the French government’s fiscal consolidation plans."
Moody’s
said in a statement Monday that it "will update the market during the
first quarter of 2012 as part of the initiative to revisit the overall
architecture of our sovereign ratings in the EU."
Copyright 2012 The Associated Press.
PARIS (AP) — Ratings agency Moody’s says it is maintaining
France’s top-tier AAA credit rating for now after the country was
downgraded by rival Standard & Poor’s.
Moody’s maintained France’s outlook at stable. S&P rates France’s outlook as
negative.
Moody’s
cited the economy’s overall strength but said growth prospects present
"risks to the French government’s fiscal consolidation plans."
Moody’s
said in a statement Monday that it "will update the market during the
first quarter of 2012 as part of the initiative to revisit the overall
architecture of our sovereign ratings in the EU."
Copyright 2012 The Associated Press.