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Standard & Poor's says France will maintain top rating

Credit agency scotches rumours of a possible downgrade, saying France is 'a stable AAA'

AFP, Thursday 18 Aug 2011
Standard & Poor
Standard & Poor's
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Views: 681

Standard & Poor's is confident France will maintain its top AAA credit rating despite rumours of a possible downgrade, the agency's European chief said Thursday.

"The rating for France is a stable AAA and that has been the case since 1975", S&P Europe chief Carole Sirou told RTL radio.

"We are confident on that rating," she added, just days after the agency downgraded the US credit rating from AAA to AA+.

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