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Ratings agency Fitch has affirmed France's top-notch AAA credit rating but has revised its outlook on the country to "negative" from "stable".
A negative outlook usually means a downgrade is possible in 12-18 months.
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http://www.bbc.co.uk/news/business-16226543
I expect the French will now be demanding an even worse rating for the UK.
Anyway, it looks like their recent comments directed at the UK have been noted by World Bank President Robert Zoellick:
Quote:
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I have been deeply troubled over the past couple of days to see some of the commentary going across the English Channel, not only comments from France but also from Brussels" and others, Zoellick told the Atlantic Council.
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Quote:
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...at key points like this where it is sensitive, you want to encourage people to act with a higher plane of responsibility," he said. "They need to be careful because I think you've got a tinderbox out there in both political and economic terms," Zoellick added.
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http://www.reuters.com/article/2011/...7BF1PH20111216
He's right about the 'tinderbox' I believe but I wonder if the French are now going to play "my bank's bigger than your bank" whilst we all sink into the political and economic mire...