Categories: Europe

S&P Downgrades Credit Rating of France

S&P Downgrades Credit Rating of France (Reuters)

Standard & Poor’s downgraded France’s credit rating from AA+ to AA, a move not matched by other credit-rating issuers. France has pursued economic reforms, but chiefly in the form of tax hikes, not entitlement relief. “If France does not change tack, it condemns itself to further long-term decline,” said Holger Schmieding, an economist at Berenberg Bank.

Adrienne Minor

Adrienne Minor is an editorial assistant for Eagle Financial Publications. She writes, edits and posts articles for the website, as well as edits and assists in the online distribution of Eagle’s investment newsletters, trading alerts, e-letters and other reports. Adrienne's special investing interests are in mobile technology and consumer spending.

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