France to Lose Aaa Rating From S&P, Finance Minister Says
January 13, 2012, 3:22 PM EST

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By Mark Deen

Jan. 13 (Bloomberg) — French Finance Minister Francois Baroin said France has been stripped its AAA credit rating by Standard & Poor’s for the first time. He was speaking on France 2 television.

“It’s a reduction of one level, it’s the same level as the U.S.,” Baroin said. “It’s not a catastrophe,” he said.

To contact the reporter on this story: Mark Deen in Paris at markdeen@bloomberg.net

To contact the editor responsible for this story: Mark Deen at markdeen@bloomberg.net

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