fitch affirms france at AAA, outlook negative

London, 14 December 2012

Fitch Ratings has affirmed France’s Long-term foreign and local currency Issuer Default Ratings (IDRs) as well as its senior debt at ‘AAA’. Fitch has also simultaneously affirmed France’s Country Ceiling at ‘AAA’ and the Short-term foreign currency rating at ‘F1+’. The rating Outlook on the Long-term rating is Negative.

SP revises UK outlook to negative; affirms AAA rating

• We now expect the United Kingdom’s net general government debt as a percentage of GDP to continue to rise in 2015, before declining again.
• Future employment or growth shocks could pressure government finances further.
• We are therefore revising our outlook on the unsolicited long-term ratings on the U.K. to negative, from stable, reflecting our view of a one-in-three chance that we could lower the ratings if the U.K.’s economic and fiscal performances weaken beyond our current expectations.
• We are affirming our ‘AAA/A-1+’ long- and short-term unsolicited sovereign credit ratings on the U.K.
• We have also revised to negative from stable the outlook on our ‘AAA’ ratings on the Bank of England and the debt program of Network Rail Infrastructure Finance PLC.

fitch affirms efsf at AAA

Fitch Affirms European Financial Stability Facility (EFSF)’s Debt Issues at ‘AAA’

Paris 05 December 2012

Fitch Ratings has affirmed the Long-Term rating of guaranteed medium and long-term debt issued by the European Financial Stability Facility (EFSF) at ‘AAA’, and the Short-Term rating of the short-term (less than 12 months contractual maturity) guaranteed debt instruments issued by the EFSF at ‘F1+’.

Moody’s downgrades France to Aa1 from Aaa

Frankfurt am Main, November 19, 2012

Moody’s Investors Service has today downgraded France’s government bond rating by one notch to Aa1 from Aaa. The outlook remains negative.

Today’s rating action follows Moody’s decision on 23 July 2012 to change to negative the outlooks on the Aaa ratings of Germany, Luxembourg and the Netherlands. At the time, Moody’s also announced that it would assess France’s Aaa sovereign rating and its outlook, which had been changed to negative on 13 February 2012, to determine the impact of the elevated risk of a Greek exit from the euro area, the growing likelihood of collective support for other euro area sovereigns and stalled economic growth. Today’s rating action concludes this assessment.

Moody’s decision to downgrade France’s rating and maintain the negative outlook reflects the following key interrelated factors:

[TEXT] S+P Affirms United Kingdom ‘AAA/A-1+’ Ratings; Outlook Stable

LONDON – July 27, 2012 – Standard & Poor’s Ratings Services today said it affirmed its ‘AAA’ long-term and ‘A-1+’ short-term unsolicited sovereign credit ratings on the United Kingdom. The outlook remains stable. The transfer and convertibility (T&C) assessment on the U.K. remains at ‘AAA’.