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French TV says France downgraded by S&P, citing source

Europe

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

Senh: It seems like these credit rating agencies are downgrading everyone. It was shocking when they downgraded the U.S., but now they're going after European countries.

 

Moody's cuts Belgium ratings by 2 notches

Belgium Downgraded by Moody

Moody's on Friday cut Belgium's credit rating by two notches, saying the euro zone debt crisis increases funding risks for countries with high public debt burdens.

 

Greece credit rating cut by S&P

Standard & Poor's cuts Greece's credit rating, saying eurozone plans to restructure the country's debts would constitute a default.

 

S&P Slashes Greece Ratings

Standard & Poor's cut its ratings on Greece three notches on its expectations of the likelihood of one or more defaults over the next 12 months.

 

S&P Downgrades Portugal, Greece

Ratings agency Standard & Poor's downgraded two of the euro zone's most troubled member states, citing fears that the pair may have to restructure their debt after 2013.

 

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