France Stripped of AAA Status as S&P Wields Ax on Debt Ratings

France and Austria lost their top credit ratings in a string of downgrades that left Germany with the euro area’s only stable AAA grade as Standard & Poor’s warned that crisis-fighting efforts are still falling short.

http://www.businessweek.com/news/2012-01-13/france-stripped-of-aaa-status-as-s-p-wields-ax-on-debt-ratings.html

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