France’s credit rating was cut by Standard & Poor’s, which said President Francois Hollande’s policies will fail to spur growth and fix the public finances.
Showing posts with label France’s credit rating. Show all posts
Showing posts with label France’s credit rating. Show all posts
Saturday, November 09, 2013
Tuesday, February 28, 2012
S&P Lowers Euro Rescue Fund Outlook to 'Negative'
Standard & Poor’s on Monday lowered its outlook on the European Financial Stability Facility (EFSF), the fund created for bailing out debt-laden eurozone countries.
Tuesday, October 18, 2011
France Risks Losing Top Grade on Bailout Fund
Proposals to beef up Europe’s bailout fund by offering to guarantee portions of the debt owed by the region’s weaker governments threaten to trash France’s top credit rating.
The nation’s 10-year notes are the fourth-worst performers this quarter -- behind Greece, Belgium and Ireland -- as traders speculate the European Financial Stability Facility will be used to insure the first portion of losses in the event of a sovereign default. France’s rating is under pressure, Moody’s Investors Service said yesterday, and investors now demand a record 105 basis points more to hold its bonds rather than German notes, up from 29 basis points in April.
The nation’s 10-year notes are the fourth-worst performers this quarter -- behind Greece, Belgium and Ireland -- as traders speculate the European Financial Stability Facility will be used to insure the first portion of losses in the event of a sovereign default. France’s rating is under pressure, Moody’s Investors Service said yesterday, and investors now demand a record 105 basis points more to hold its bonds rather than German notes, up from 29 basis points in April.
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