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Reply #41: Economists see France losing AAA in 3 months - Reuters poll [View All]

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xchrom Donating Member (1000+ posts) Send PM | Profile | Ignore Wed Dec-07-11 09:05 AM
Response to Reply #18
41. Economists see France losing AAA in 3 months - Reuters poll
http://uk.reuters.com/article/2011/12/07/uk-france-rati...

(Reuters) - France will lose its AAA credit rating early next year regardless of last-ditch efforts by President Nicolas Sarkozy to resolve the euro zone crisis at an EU summit this week, a Reuters poll of economists showed on Wednesday.

The snap survey of 13 economists found that 11 of them think France will be downgraded by one of the major ratings agencies within the next three months.

The only question, following this week's blanket euro zone credit warning by Standard & Poor's, is whether France will be cut by one notch to AA+ or by two to a straight AA.

"If you apply Standard and Poor's methodology based on quantitative factors, France should already have a AA rating, as should the U.S. and Britain," said Jean-Christophe Caffet, economist at investment bank Natixis.
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