Egan Jones Cuts France To BBB+, Outlook Negative

The Euro goes tumbling, unlike what happens when Moody’s or S&P downgrades a nation, after Egan Jones cuts Frances credit rating to BBB plus.

Egan Jones once again leads the credit ratings agencies pack in issuing a downgrade of France’s credit rating.

The firm has issued a BBB+ rating for France warning that the nation’s banks will continue to put pressure on the country.

Egan also put France on Outlet Negative, which is a warning that a further credit rating cut is likely to occur in the near future.

Categories: ECONOMY

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