S&P retract erroneous message saying France downgraded

By Hugh Keane

Friday, November 11, 2011

S&P forced to issue statment retracting message saying France had lost AAA rating

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Comment by: Anonymous. Posted 12 years ago [2011-11-16 02:09:52]

Good question! To my knowledge, S&P had not placed France on negative watch - so that makes it unlikely that this rating agency was on the verge of a French downgrade. BUT, what is the alternative explanation? It's not like S&P has a press release button labeled "Downgrade France" and somebody accidentally pushed it.

Comment by: Anonymous. Posted 12 years ago [2011-11-15 10:03:36]

What are the odds that it wasn't a "technical error" but extreme political pressure on S&P to reverse the decision...??

CLOs

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