French AAA Rating Affirmed

by Marilou Long on August 11, 2011

in Banks,Debt,Foreign Markets

The market was down again yesterday over concerns about the French banking system. One of the largest French banks, Societe Generale, or SocGen, was down 15%. S&P, Moody’s, and Fitch affirmed the AAA rating on French sovereign debt today. The video

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below from CNBC is a good summary of what is going on in Europe today.

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