Views +1: Moody’s May Downgrade France
Moody’s said its opinion of France’s financial situation is fine–for now. France keeps it Aaa rating with a stable outlook.
But, “The deterioration in debt metrics and the potential for further contingent liabilities to emerge are exerting pressure on the stable outlook of the government’s Aaa debt rating. Moody’s notes that the French government now has less room for manoeuvre in terms if stretching its balance sheet than it had in 2008.”
The news, added to speculation that Germany will not support a new and larger EU area bailout fund, is likely to cause panic overnight.........
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Moodys downgrades France,
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