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Standard & Poor's: No cut French rating immediately after the presidential election

Release Date:2012-05-05  Hits:547
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International credit rating agency Standard & Poor's chief economist for - Michelle Hicks, 26, said after the inauguration of the new French president, Standard & Poor's view of its line, listen to his words not immediately lowered the long-term credit of France rating, but they can not count the number of grace period world pie network information .



In early December last year, Standard & Poor's 15 euro area countries, including Germany and France, including the inclusion of credit rating watch list, announced in January this year, down the long-term credit rating of nine euro area countries, which the French credit rating from the best AAA down to AA + by the rating outlook is negative. The agency said that if France's efforts to reduce the deficit to deviate from the established track, and the French rating is still possible to be cut again in 2012 or 2013.



Hicks to accept a French television interview that day, after the end of the French presidential election, there will be different assumptions that may occur, Standard & Poor's to be seen for some time, but it is difficult to explain the observation period will last long. "We are given the outlook of the year, but there likely will be adjusted in accordance with reality, this is the same as with the practice of other countries to hold important electionsWorld Steel Pipe .



Hicks also said that the Dutch cabinet to resign after the situation has improved, and the Dutch public debt accounted for the proportion of GDP is far below the euro zone average of 87 percent, the economic foundation of the Netherlands is still very solid. However, he stressed, the Netherlands, with the majority of other member states of the euro area, long-term credit rating outlook to negative, still can not rule out the possibility of being down.

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