France may lose its AAA rating in 10 days

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Source: Dukascopy
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"Everyone is concerned [about France's credit rating], not just France. It's all the euro zone countries"
- Francois Baroin, French Finance Minister

Standards & Poor's credit rating agency may downgrade France's top notch triple A rating within next ten days, a French newspaper La Tribune reported on Monday. "It could happen within a week, perhaps 10 days." S&P officials in Europe rejected to comment on rumors.

"Everyone is concerned, not just France. It's all the euro zone countries," said French Finance Minister Francois Baroin to France Info radio, asked about the La Tribune report.

"France is not an island or economically cut off from the world. It depends on different parts of the euro zone for a large part of its economic activity and that's why we are, to a large extent, clear-sighted on the crisis."
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