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France%27s+credit+rating+cut+by+S%26P+to+AA
Sunday, 10 November 2013 - 19:50
France's credit rating cut by S&P to AA
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Standard and Poor's has cut France's credit rating to AA from AA+.

The move comes almost two years after the country lost its top-rated AAA status.

S&P said it downgraded France because high unemployment in the country was making it hard for the government to make important reforms which would boost growth,

The French government responded by saying that its debt rating was one of the safest in the eurozone.

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