S&P May Cut France Rating Outlook to Negative: Report
(REUTERS)-Credit rating agency Standard & Poor's could change the outlook for France's triple-A rating to negative within the next 10 days, a French newspaper reported on Monday, citing several sources. Such a move would signal a possible downgrade.
La Tribune said on its Web site that S&P had planned to make the announcement last Friday but postponed it for unknown reasons.
France's ratings outlook is currently stable but there have been rumors for months of a possible downgrade by one or more of the ratings agencies.
An S&P spokesman in Melbourne declined to comment on the report.
(Reported by Cecile Lefort in SYDNEY; Editing by Wayne Cole and Mark Bendeich)
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