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Sunday, December 16, 2012

Fitch affirms France's rating at AAA.

Fitch has maintained France's rating at AAA, thereby remaining the only one of the Big Three agencies not to downgrade the country's debt. However, Fitch has kept France's outlook at negative and said the chance of a future cut is over 50%. The firm raised its forecast for France's 2014 debt-GDP ratio to 94% from 92% and warned that the new number is "at the limit" for a country with the highest rating

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