Author (Person) | Carnegy, Hugh |
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Series Title | Financial Times |
Series Details | 19.11.12 |
Publication Date | 19/11/2012 |
Content Type | News |
France suffered the second downgrade of its sovereign debt rating in 2012 when Moody’s, the US rating agency, removed its triple A ranking on the 19 November 2012. It followed a similar move in January 2012 by Standard & Poor’s and underscored concerns that the country’s high level of public debt, which had risen above 90% of gross national product, put it in danger of becoming another victim of the eurozone debt crisis. |
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Countries / Regions | France |