Moody’s French credit rating
Setback for France, Good News from America
November 20, 2012
Moody’s withdrew France’s top-grade sovereign credit rating. S&P had already done this some time earlier, and coincidentally the cover story of this week’s Economist presents an alarming portrayal of France as “the time-bomb at the heart of Europe” and the “biggest danger to Europe’s single-currency.” Moody’s cited structural problems such as France’s persistent erosion of […] More
