Egan-Jones downgrades France to BBB+
6/14/12 3:16 PM ET (MarketWatch)Print
SAN FRANCISCO (MarketWatch) -- Egan-Jones Ratings Co. on Thursday downgraded the sovereign debt rating of France to BBB+ from A- as the financial state of peripheral countries in the euro zone deteriorate. The ratings agency also said pressure to keep campaign promises to boost spending by François Hollande, France's newly elected president, will hurt the country's credit quality.
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