France's rating still risky
Source: Agencies |
January 16, 2012, Monday
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Print Edition
Print Edition
FRANCE risks another downgrade of its sovereign credit rating if its public debt and budget deficit deteriorate further, Standard & Poor's said on Saturday.
"The deficits could increase from the relatively high levels where they are already and reach certain thresholds in the general government debt and deficit ratios, which might lead to another lowering of the rating," S&P credit analyst Moritz Kraemer said.
He said the agency was not considering a breakup of the single currency area.
"The deficits could increase from the relatively high levels where they are already and reach certain thresholds in the general government debt and deficit ratios, which might lead to another lowering of the rating," S&P credit analyst Moritz Kraemer said.
He said the agency was not considering a breakup of the single currency area.
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