France Under AAA Rating Watch – 08/10/11

For Your Attention (FYA)……..Unfortunately! :+(

http://www.msnbc.msn.com/id/44086993/ns/business-stocks_and_economy/
http://www.lemonde.fr/economie/article/2011/08/10/malgre-les-inquietudes-les-bourses-asiatiques-repartent-a-la-hausse_1557932_3234.html#ens_id=1216746
http://www.cnbc.com/id/44090455

“French President Nicolas Sarkozy cut short his vacation for emergency meetings with government minsters amid concerns that France could become the next AAA-rated country to get downgraded. The French CAC 40 stock index fell 4.9 percent. ”

“Il y a aussi les rumeurs les plus folles, certains parlent même d’une éventuelle dégradation de la note française par une agence de notation”, a indiqué un analyste parisien sous couvert d’anonymat, mais “on navigue dans la plus grande obscurité”. Moody’s et Fitch ont de leur côté confirmé le “AAA” de la France. Standard and Poor’s, qui a dégradé vendredi la note des Etats-Unis, s’est également voulue rassurante en réaffirmant que la note de la France restait AAA avec une perspective stable, et a adressé un satisfecit au gouvernement français.”

“Financial stocks and fear that France would lose its triple-A credit rating were among the many things scaring investors and leading the market drastically lower on Wednesday. Bank stocks in particular have been hammered by worries about their exposure to French banks.”

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