S&P downgrades France | Bangkok Post: news

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S&P downgrades France

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The Standard and Poor's ratings agency on Friday downgraded France's credit rating by one notch to "AA," with outlook stable. 

The Standard and Poor's ratings agency on Friday said it had downgraded France's credit rating by one notch to "AA," with outlook stable

The agency said it was cutting the rating from the previous "AA+" because government reforms would not raise medium term prospects and because lower economic growth was constraining the government's ability to consolidate public finances.

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