Fitch ratings today affirmed France AAA rating but revised its outlook to negative from stable.
FORBES: France's AAA Safe For Now But Outlook Negative, Fitch Says
He says French officials are smarting from the expected imminent loss of their cherished AAA rating.
The French cannot take on more commitments without risking losing their triple AAA rating.
In the eurozone, only Germany still has an AAA rating from all three major ratings agencies.
France, too, knows that it is close to losing its treasured triple AAA rating.
This is what the U.K. has been doing and this is why it keeps its AAA rating.
The Fitch credit ratings agency has joined Moody's and put the UK's top AAA rating on "negative outlook".
As the debt grows, it becomes more expensive to service and increasingly difficult to maintain our AAA rating.
Such a potential liability is so great that it could jeopardise the AAA rating of France if not Germany.
Without guaranteeing the EFSF France (might, maybe) might still have its AAA rating.
The European Financial Stability Fund (EFSF) was stripped of its AAA rating yesterday.
In its annual guidance for investors, Moody's says the UK has "significant structural strengths" and deserves its top AAA rating.
Insurers have had to take writedowns on their subprime portfolios, which has threatened their AAA rating, and consequently their entire business.
Further, the basic rules of CDS contracts were changed: everyone, AAA rating or not, must now put up those daily margin calls.
But even the elite AAA rating currently held by Uncle Sam does not imply a zero probability of default for all time.
Fitch has had the UK's AAA rating on "negative" outlook since March 2012, meaning that it is warning it may cut it.
Today, economists at Citi have put out a note asking whether the US downgrade had put the UK''s AAA rating at risk.
Its government, with an AAA rating, is currently paying more than 4.5%.
Earlier, Lib Dem chief secretary to the Treasury, Danny Alexander, told BBC News that losing the AAA rating was not a devastating blow.
Even the Wall Street Journal had a story on the UK GDP figures this week, headlined "UK Pays Growth Price for AAA Rating".
Fitch, the ratings agency, helpfully made the chancellor's point for him last week when it put the UK's AAA rating on negative watch.
Spain or Ireland may try and borrow their share of the bailout fund (such irony), but they do not get that AAA rating.
The UK currently holds a AAA rating from all three agencies - the only country apart from Germany and Canada to do so.
Moody's were quick to slap ratings on the company just a notch below the bulletproof AAA rating held by only a handful of corporations.
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Information must also be accurate as the credit-rating debacle shows: an AAA rating is harmful rather than helpful if it describes a CCC asset.
If a muni gets insurance, it automatically receives an aaa rating.
Virtually all of the investment securities owned by Annaly are issued and guaranteed by U.S. Government Agencies and carry an actual or implied AAA rating.
If France, for instance, was to pump money into its banks that would increase its debts and so put at risk its triple AAA rating.
Under the CDS contracts of the time someone with an AAA rating only had to pay out on a CDS contract if a credit event occurred.
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