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Moody’s cuts France’s top credit rating to ‘Aa1′

Agence France-Presse 6:53 AM | Tuesday, November 20th, 2012

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PARIS—The international ratings agency Moody’s cut France’s top credit rating by one notch to “Aa1″ Monday and maintained a negative outlook, meaning that another downgrade was possible.

Moody’s is the second of the three major ratings agency to cut France’s top rating, after Standard and Poor’s did so earlier this year.

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  • http://profile.yahoo.com/276L22SZM5ZUQGV24IL4ZEF6UA Edward

    here we go  France ‘s top credit rating was downgraded as expected by distrusted Moody ‘s. what do we expect from this Moody ‘s na palaging huli parang kapulisan ng pinas saka lng dumating pagtapos na ang pangyayari ? 50 pips for eurusd after the downgrade is nothing…If I were the market player better long euro above Asian market low and buy cac on weakness at opening. If it is really alarming the Asian market should have reacted wildly. For EU it only adds to the inflicted wounds…

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