Grant Capital (Grant Capital)
Markets  |  November 20, 2012 10:41:13

Moody's back in action!



Moody's on Monday lowered the sovereign rating of France by one notch from AAA to AA1, this means a reduction of one grade credit rating and loss of exclusivity. This change is accompanied by long-term negative outlook for growth, particularly affected by structural problems, including the loss of competitiveness and long-term persistence of its products in the markets for services and supplies. The credit rating agency also expressed uneasiness over the uncertainty of the fiscal outlook of France and noted that its resistance to euro-Shock is still difficult to predict. Therefore, the rating outlook remains negative.

Tuesday's response did not take long and is demonstrated in the weakening of the financial sector, which has lost more than 1.5%.

 

Miroslav Vybíral   


Společnost GRANT CAPITAL se specializuje na zprostředkování obchodů s akciemi na burzách v ČR, Evropě a USA. Pro více informací navštivte www.grantcapital.cz
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