Free Republic
Browse · Search
General/Chat
Topics · Post Article

Skip to comments.

France Loses Triple-A Rating On S&P Downgrade: Report
CNBC ^ | Friday the 13th, 2012 | CNBC.com with Reuters

Posted on 01/13/2012 8:05:39 AM PST by tcrlaf

Standard & Poor's ratings agency has downgraded France's credit rating, French television channels reported on Friday, citing a government source.

EU building flags brussels EyesWideOpen | Getty Images The channels did not provide further details.

S&P warned in December that it could downgrade the credit ratings of several euro zone nations if European leaders failed to find a lasting solution to the debt crisis at a meeting of EU leaders that month.

Several euro zone countries including France face an “imminent” downgrade by ratings agency S&P, Reuters and Dow Jones news agencies reported, sending the euro to a session low against the dollar and European stocks down. US stocks also tumbled.

The reports said Germany and the Netherlands were not among the countries facing a downgrade later on Friday, but gave no further details.

According to Dow Jones sources, France was among the countries set to be downgraded.

(Excerpt) Read more at cnbc.com ...


TOPICS:
KEYWORDS: banks; finance; france; francedowngrade; frontpage; obamageddon
While we are all distracted by meaningless political tripe, the worldwide ponzi scheme is imploding.

QE III, baby!!!!

1 posted on 01/13/2012 8:05:53 AM PST by tcrlaf
[ Post Reply | Private Reply | View Replies]

To: tcrlaf

MEANWHILE, in other news you won’t be seeing on NBC/MSNBC, BofA just lowered Q4 growth expectations for the SECOND TIME in just the last 4 days.

Turns out that all the “SANTA RALLY!!! PRAISE OBAMA!!!” media press was just bull sh*t, after all.

Color me shocked.


2 posted on 01/13/2012 8:07:52 AM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

How’s that Socialism working for you?


3 posted on 01/13/2012 8:08:01 AM PST by ImJustAnotherOkie (zerogottago)
[ Post Reply | Private Reply | To 1 | View Replies]

To: tcrlaf

BTW, anyone else wondering where the ECB got the money it loaned out for those recent bond sales...?


4 posted on 01/13/2012 8:23:50 AM PST by mewzilla (I'll vote for the first guy who promises to mail in his SOTU addresses.)
[ Post Reply | Private Reply | To 1 | View Replies]

To: ImJustAnotherOkie
How’s that Socialism working for you?

About as well as ours is here.

5 posted on 01/13/2012 10:06:51 AM PST by Michael Barnes (Obamaa+ Downgrade)
[ Post Reply | Private Reply | To 3 | View Replies]

To: tcrlaf

How is this not front page news?


6 posted on 01/13/2012 1:57:35 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
[ Post Reply | Private Reply | To 1 | View Replies]

To: americanophile

I put it there. the Mods decided it wasn’t worthy.


7 posted on 01/13/2012 2:00:19 PM PST by tcrlaf (Election 2012: THE RAPTURE OF THE DEMOCRATS)
[ Post Reply | Private Reply | To 6 | View Replies]

To: tcrlaf

You were right. There powers that be here, well...


8 posted on 01/13/2012 2:03:43 PM PST by americanophile ("this absurd theology of an immoral Bedouin, is a rotting corpse which poisons our lives" - Ataturk)
[ Post Reply | Private Reply | To 7 | View Replies]





Slap those Dems!




9 posted on 01/13/2012 3:20:55 PM PST by TheOldLady (FReepmail me to get ON or OFF the ZOT LIGHTNING ping list)
[ Post Reply | Private Reply | View Replies]

Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.

Free Republic
Browse · Search
General/Chat
Topics · Post Article

FreeRepublic, LLC, PO BOX 9771, FRESNO, CA 93794
FreeRepublic.com is powered by software copyright 2000-2008 John Robinson