Update: France May Feel S&P?s Wrath, Lose Triple-A Rating

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Insiders are now saying that Standard & Poor’s is set to strip France of its triple-A rating.

Sources had already warned earlier today that S&P was poised to make waves in the EuroZone, but now French news agency Agence France Presse is citing anonymous government insiders who say that the ratings agency has already informed the French government of its decision. Insiders have also said that Austria was on the chopping block, but Germany and the Netherlands could escape a downgrade.

Senior European and French officials have declined to comment on the situation, as has S&P.

Any downgrades would of course add fuel to the ongoing sovereign-debt crisis on the Continent.



Original Article Source by Barrons.com