Notice: Fitch is cracking on Britian and France again….
By Daniel at 23 December, 2009, 12:47 am
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FITCH WARNS THAT BRITAIN AND FRANCE RISK LOSING THEIR AAA RATING
–Fitch Ratings has given its bluntest warning to date that Britain and France risk losing their AAA status unless they map out a clear path to budget discipline over the next year.–
By Ambrose Evans-Pritchard
Published: 6:28PM GMT 22 Dec 2009
Highlighting the “unpleasant fiscal arithmetic” facing states across the Old World, Fitch said that none of the “arguably” benchmark AAA states can safely rely on their top rating for much longer.
Public debt in both Britain and France will reach 90pc of GDP by 2011, higher than the 80pc (net) level when Japan lost its AAA rating earlier this decade.
..article continues…
http://www.telegraph.co.uk/finance/economics/6867797/
Fitch-warns-that-Britain-and-France-risk-losing-their-AAA-rating.html
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