Sacre bleu! S&P accidentally downgrades France
I cant remember a site someplace an agency released a rating movement taking part in miscalculation, and rejection doubt present desire be alive many community who believe with the intention of present is rejection smoke lacking fire and with the intention of this cannot own happened if not S&P were preparing the ground on behalf of a downgrade, Gary Jenkins, an analyst with Evolution Securities, thought Friday. S&P, however, does not even possess France on surveillance — the step with the intention of typically comes earlier a rating is downgraded. Moodys, on the other employee, says it is studying whether to deposit Frances rating on notice. A downgrade of French debt would moreover pose a domestic problem: President Nicolas Sarkozy, who is anticipated to cope with a re-election battle after that spring, has staked his credibility on balancing Frances financial plan by 2016. var so = recent SWFObjecthttp://hosted.ap.