S&P raises France’s credit rat­ing out­look to sta­ble

The Myanmar Times - - International Business -

RAT­INGS firm Stan­dard & Poor’s has raised its out­look on France’s longterm sov­er­eign credit rat­ing to “sta­ble” from “neg­a­tive”.

The US rat­ings agency, which stripped France of its prime AAA rat­ing in 2012, has left un­changed its view on French debt at AA, its third-high­est rat­ing. The agency added that the down­side risks it had iden­ti­fied two years ago had not ma­te­ri­alised. –

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