S&P, Fitch and Moody’s confirm France’s top AAA rating

Agence France-Presse Aug 10, 2011 – 10:55 AM ET | Last Updated: Aug 10, 2011 11:22 AM ET

France’s top credit grade was affirmed by Standard & Poor’s, Moody’s Investors Service and Fitch Ratings as yields on the nation’s debt climbed on concern that Europe’s sovereign debt crisis is intensifying, reports Bloomberg.

France earlier in the day “categorically” denied rumours it was heading for a downgrade of its AAA credit rating after the United States was stripped of its top rating by Standard & Poor’s last week.

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With files from Reuters & Bloomberg

http://business.financialpost.com/2011/08/10/fitch-moodys-confirm-france’s-top-aaa-rating/