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France, Moody's confirms triple A

After Standard & Poor's downgrade on Friday, good news for the transalpines: the rating agency Moody's confirmed the AAA rating on Paris's public debt – Meanwhile, Sarkozy sends out a signal of confidence to citizens: “The crisis can overcome, we have the collective will and courage to reform our country”.

France, Moody's confirms triple A

Moody's doesn't think like Standard & Poor's. The rating agency, contrary to what was decided by S&P colleagues last Friday, has confirmed the triple A of France. In the meantime, however, beyond the Alps they still wonder on the consequences of downgrading.

Yesterday, in the first official release two days after the downgrade of France by Standard & Poor's, French President Nicolas Sarkozy he had said in a speech in Amboise: “I will speak to the French at the end of the month, I will tell them what important decisions need to be made without wasting time. I will tell them that the crisis can be overcomeas long as we have the collective will and courage to reform our country."

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