BREAKING NEWS

French regulator says miracle needed to save AAA

By REUTERS

DECEMBER 20, 2011 18:43

PARIS - The head of France's AMF securities regulator said on Tuesday it would take a miracle for the country to keep its top-notch credit rating and warned of far-reaching effects for the euro zone's second-largest economy should it lose it.

On Friday, credit ratings agency Fitch lowered the outlook on France's triple-A sovereign rating to negative, joining Standard & Poor's, which put France and 14 other euro zone countries under review at the start of the month.

JPost Videos

Moody's, the other major ratings agency, said in October it was reviewing its stable outlook on France's AAA rating.

"Keeping it would need a miracle, but I want to believe it can happen," Jean-Pierre Jouyet told a meeting with financial journalists.

Edan Alexander writes 'home sweet home' on Instagram after release

By JERUSALEM POST STAFF

05/13/2025 06:16 PM

US imposes sanctions on network sending Iranian oil to China

By REUTERS

05/13/2025 06:16 PM

Health Ministry tells Israelis to limit activities due to air pollution

By JERUSALEM POST STAFF

05/13/2025 05:35 PM