France loses its AAA credit rating

[prepguide]

Moody's has lowered France's credit rating from AAA. This is another indicator that things in Europe are bad. France and Germany have been the money engine behind the assistance that has been keeping Greece going. Wonder who will be next? Check out the story here

http://www.telegraph.co.uk/finance/financialcrisis/9689457/France-stripped-of-prized-AAA-credit-rating-by-Moodys.html

[RedJohn]

It is bad all over the world, and dropping ratings is certainly not going to make it better.