Fitch affirms France's top rating with negative outlook

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Source: RTT News
© Scanpix/RS
Triple-A credit rating of France by Fitch Ratings was affirmed on Friday, citing its wealthy economy with stable inflation and strong institutions, however the outlook maintained negative with a more than 50% chance of loosing its top rating in 2013. The country's debt to gross domestic product is forecast to grow to a level of 94% in 2014, indicating the biggest weakness of France's credit rating.

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Fri, 14 Dec 2012 14:36:07 GMT

Eurozone CPI cooled to 2.2% in November

Eurozone inflation cooled as expected to 2.2% in November from 2.5% in October, according to data from Eurostat on Friday. Monthly inflation slowed 0.2%. The decrease is largely attributable to a slowdown in energy prices growth to 5.7% year-on-year from 8%. Core inflation, which excludes energy, food, tobacco and alcohol prices, fell from 1.5% in a month earlier to 1.4%,

Fri, 14 Dec 2012 11:52:48 GMT

China's manufacturing activity expands in December

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