13 January 2012 21:41 [Source: ICIS news]
(adds updates throughout)
HOUSTON (ICIS)--Standard & Poor’s (S&P) has cut France’s triple-A credit rating by one notch, French finance minister Francois Baroin said on Friday, according to news accounts.
S&P downgraded France’s rating to AA+, Baroin said, according to news accounts.
According to several media reports citing S&P sources, the agency had notified European governments that it will soon announce the downgrade of France and Austria, currently two of the eurozone’s six AAA nations.
The other eurozone nations with AAA status are Germany, the Netherlands, Finland and Luxembourg.
S&P declined to comment on the reports.
Paul Hodges studies key influencers shaping the chemical industry in Chemicals and the Economy
For the latest chemical news, data and analysis that directly impacts your business sign up for a free trial to ICIS news - the breaking online news service for the global chemical industry.
Get the facts and analysis behind the headlines from our market leading weekly magazine: sign up to a free trial to ICIS Chemical Business.
|ICIS news FREE TRIAL|
|Get access to breaking chemical news as it happens.|
|ICIS Global Petrochemical Index (IPEX)|
|ICIS Global Petrochemical Index (IPEX). Download the free tabular data and a chart of the historical index|
Asian Chemical Connections