MBS RECAP: 1/13/2012

Frances Finance Minister Francois Baroin confirmed earlier reports that the country would have it’s credit rating downgraded one notch to AA+. Speaking to France’s TV 2, Baroin became the envy of spin-doctors everywhere, saying:

“I confirm that France has received, like most euro zone countries, a notification of a change of its rating. It’s a downgrade, a one-notch change, it’s the same agency that downgraded the United States. It means we must follow and amplify reforms. We must be bold. We must preserve employment.”

Stay Classy Francois!

Additional Wires:
RTRS – FRENCH FINMIN BAROIN SAYS DOWNGRADE IS NOT A CATASTROPHE, AA+ IS STILL A GOOD GRADE

RTRS – BAROIN SAYS THERE WILL BE NO NEW AUSTERITY PLAN BUT GOVT TO PROPOSE STRONG REFORMS

Article source: http://www.mortgagenewsdaily.com/mortgage_rates/blog/243254.aspx

Leave a Reply

WP Facebook Auto Publish Powered By : XYZScripts.com
Bunk Beds