French ratings alarm rings out for Washington

Moody's downgrade of French sovereign debt raises concern over a possible rating cut for the US, where the government deficit is larger and forms a higher share of GDP.

Markets are skittish. The chairman of the US Federal Reserve, Ben Bernanke, spooked investors saying that the Fed "does not have the tools to ease the fiscal cliff.” In a similarly uncomfortable reality, the sovereign credit rating of France has been downgraded by Moody’s, a move that should bring into focus the budget deficit and government debt problems in the US.


SMS Code Sent…

We have sent you a code via SMS to {{user.DayPhone}}

please enter this code below to activate your membership

If you didn't receive SMS code please

Log in to access this content

Looks you are already a member. Please enter your password to proceed

Hi {{ user.FirstName }}

Verify your mobile number to unlock a FREE trial

Looks like you've already taken a free trial

Please sign up for full access

Updating information

Please wait ...

Related Articles