The Standard and Poor's ratings agency said Sunday that France's outlook remained stable amid a deepening eurozone debt crisis and the fallout from its US credit downgrade. "France's rating has a stable outlook with Standard and Poor's," chief economist Jean-Michel Six told the France Info news programme, declining to speculate on what might cause France's triple-A rating to be lowered.
The American agency on Friday stripped the United States of its triple-A credit rating, saying politicians were becoming less able to get to grips with the country's huge fiscal deficit and debt load.
A stable outlook means that an agency has no intention in the short term of changing a country's rating. Asked about the markets' expected reaction to the US downgrade on Monday, Six said there was "nothing staggering" to be afraid of.
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