Monday, November 19, 2012

France loses its 'AAA' rating

Moody's downgrades France's government bond rating to Aa1 from Aaa, maintains negative outlook (via @MoodysRatings)

Most certainly there will be some newspaper comments on this important decision by this one rating agency. Once they will become available they will be added here.

articles/pieces before Moody's decision:
Hugo Dixon: Is Hollande more like Rajoy or Monti? (Nov 19th 2012, Reuters)
Wolfgang Münchau:Five unfounded European fears (Nov 19th 2012,FT via BusinessSpectator)
France: 2012 Article IV Consultation--Concluding Statement (Oct 29th 2012,IMF)
Here's What's In That Economist Article That Has The Nation Of France Outraged  (Nov 17th 2012,BI)
France as Europe's next timebomb? Not with Hollande in charge (Nov 18th 2012, The Guardian)

and after:
Moody's abaisse la note de la France de "Aaa" à "Aa1" (Nov 19th 2012, LeMonde)
Moody's dégrade le « AAA » de la France (Nov 20th 2012,Les Echos)
Dégradation du triple A : Copé sonne l'heure de "la mobilisation générale" (Nov 20th 2012, Le Monde)
Pierre Moscovici: Mon point presse de ce matin suite à la décision de Moody’s
(Nov 20th 2012, his blog) =>engl.: My briefing this morning following the decision by Moody's
France is Downgraded, Europe Goes 'From Bad to Worse' (Nov 20th 2012, Businessweek)
EFSF Says Bond Sale Delayed After Moody’s France Downgrade (Nov 20th 2012, Bloomberg)
Noyer Says Moody’s Reasoning Wrong in France Rating Downgrade (Nov 29th 2012, Bloomberg)


related blog entries [EZR]:
Position(s) of France
French Investment Bank to launch in 2013
France and Germany 2007 - 2011; GDP, 10-year bond yield, unemployment, PMI, debt to GDP, deficit to GDP (charts by Thomson/Reuters)
http://ezrcharts.blogspot.com/search/label/France (10 charts by Thomson/Reuters)

Insight: Making France work again (Dec 9th 2012, Reuters)

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