France Given Aaa Rating On Gamble Budget Gap Will Fall

[Realistbear]

http://www.bloomberg.com/news/2010-12-23/france-s-credit-ratings-affirmed-by-standard-poor-s-outlook-is-stable.html

France’s standing as one of the world’s safest borrowers was affirmed by Standard & Poor’s, reflecting confidence that the euro-area’s second-largest economy will rein in its budget deficit.

At the end of a year in which rating companies downgraded the debt of European nations from Spain to Ireland, New York- based S&P said yesterday that France deserves a AAA sovereign credit rating because of the “wealth and depth” of its economy and the view that President Nicolas Sarkozy’s government will consolidate its budget gap.

They also think our budget deficit is under control despite the latest ONS data to the contrary. Good thing our AAA has no prospect of being lowered as it would spike IR and grease the wheels of the HPC train that is still hurtling toward Beachy Head.

And what, exactly, does "consolidate" mean? You are either growing or shrinking, rising or falling, hot or cold.........

[Fishfinger]

http://www.bloomberg...-is-stable.html

France's standing as one of the world's safest borrowers was affirmed by Standard & Poor's, reflecting confidence that the euro-area's second-largest economy will rein in its budget deficit.

At the end of a year in which rating companies downgraded the debt of European nations from Spain to Ireland, New York- based S&P said yesterday that France deserves a AAA sovereign credit rating because of the "wealth and depth" of its economy and the view that President Nicolas Sarkozy's government will consolidate its budget gap.

They also think our budget deficit is under control despite the latest ONS data to the contrary. Good thing our AAA has no prospect of being lowered as it would spike IR and grease the wheels of the HPC train that is still hurtling toward Beachy Head.

And what, exactly, does "consolidate" mean? You are either growing or shrinking, rising or falling, hot or cold.........

[/quote

"Consolidate" as in calling Ocean Finance....

[swissy_fit]

http://www.bloomberg.com/news/2010-12-23/france-s-credit-ratings-affirmed-by-standard-poor-s-outlook-is-stable.html

France’s standing as one of the world’s safest borrowers was affirmed by Standard & Poor’s, reflecting confidence that the euro-area’s second-largest economy will rein in its budget deficit.

At the end of a year in which rating companies downgraded the debt of European nations from Spain to Ireland, New York- based S&P said yesterday that France deserves a AAA sovereign credit rating because of the “wealth and depth” of its economy and the view that President Nicolas Sarkozy’s government will consolidate its budget gap.

They also think our budget deficit is under control despite the latest ONS data to the contrary. Good thing our AAA has no prospect of being lowered as it would spike IR and grease the wheels of the HPC train that is still hurtling toward Beachy Head.

And what, exactly, does "consolidate" mean? You are either growing or shrinking, rising or falling, hot or cold.........

Consolidating a budget gap would be a good idea if it were a budget surplus.

Anyway this will give them time to organise some better concealment of the deficit and debt, GS did it for Greece, why not France?