Downgrade Sparks Criticism from Government and Rating Agency

On November 8, for the second time in less than two years, Standard & Poor’s downgraded France’s sovereign debt rating to “AA with a stable outlook,” according to the agency’s report. France’s rating was last downgraded in January of 2012 from AAA to AA+, when Nicolas Sarkozy was still leading the country. The rating agency’s […]

Gloomy News for Euro Funds as France Suffers New Downgrade

Following a downgrade by credit rating agency Standard & Poor’s earlier this year, on November 19 Moody’s Investors Service stripped France of its AAA bond rating in a blow to the western European nation and its neighbors.  The move comes as Moody’s underscores its “negative outlook” on the economies of Germany, the Netherlands, and Austria […]