3 Responses to Party’s over: France’s prestigious credit rating downgraded; others to follow

  1. Victoria says:

    No surprises here.

    Like

  2. c/o Luisport

    The fall of France

    January 13, 2012, 11:20 AM
    .

    With reports circulating of imminent downgrades of France and Austria, the euro eurusd-1.12% is falling hard.

    But the effects of any downgrade may prove counter-intuitive, given that a one-notch cut in France’s rating has been widely telegraphed.

    As Commerzbank chief economist Joerg Kraemer told Reuters, a downgrade “may irritate markets in the short term but wouldn’t be a big problem in a world where the U.S. and Japan also don’t have a triple-A rating anymore. Triple-A is a dying species.”

    http://blogs.marketwatch.com/thetell/2012/01/13/the-fall-of-france/

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  3. luisport says:

    IT’S OFFICIAL: S&P ANNOUNCES MASS DOWNGRADE OF EUROZONE COUNTRIES

    Read more: http://www.businessinsider.com/sp-downgrades-europe-2012-1#ixzz1jNVTwPDE

    Like

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