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France dismisses Moody's credit rating cut

2012-11-20 7 Dailymotion

The ratings agency Moody's has warned that it will cut French credit-worthiness again if the government fails to implement the reforms it has promised.

The agency dropped France's coveted triple-A rating one notch to Double-A One, but with a negative outlook. Another agency, Standard and Poor's also stripped France of its triple-A grade in January.

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http://www.euronews.net/