Debt: S&P ‘confident’ it will keep France’s triple A rating

18th August 2011

BBC News reported comments made by Carol Sirou, S&P's head of France, told RTL radio.

"The rating for France is a stable AAA and that has been the case since 1975,"she said, adding."We are confident on that rating."

Earlier this month, S&P cut the credit rating of the US from AAA to AA+.

The BBC reported on plans for the French to tax the rich more heavily.

Ms Pecresse told BFM radio the government was working on a "contribution" from taxpayers earning more than 1m euros (£870,000) per year, but said it was not yet clear if the tax would apply directly to individuals or to the companies paying their salaries.

 

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