Telegraph Live - Euro: Reports that Fitch Credit Agency has kept the French Triple A rating but given it a negative forecast. It is rumoured folks that S&P will downgrade France after the Market closes in the US. If France does go down to AA rating this could finish the hopes of the French President of winning the 2012 Presidential Election, thus expect more attacks on the UK folks, when it comes to politics folks it’s the last man standing that wins, brutal but harsh. As noted in the Guardian yesterday, if the French lose the triple A standing it will cost them more to borrow from the market, thus affect their ability to fund a bailout of the PIIGS, everything is local folks.
Friday, December 16, 2011
France = Negative Forecast
Telegraph Live - Euro: Reports that Fitch Credit Agency has kept the French Triple A rating but given it a negative forecast. It is rumoured folks that S&P will downgrade France after the Market closes in the US. If France does go down to AA rating this could finish the hopes of the French President of winning the 2012 Presidential Election, thus expect more attacks on the UK folks, when it comes to politics folks it’s the last man standing that wins, brutal but harsh. As noted in the Guardian yesterday, if the French lose the triple A standing it will cost them more to borrow from the market, thus affect their ability to fund a bailout of the PIIGS, everything is local folks.
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