Credit-rating agency Standard and Poor's has affirmed its AAA rating for France's sovereign debt remains stable with a positive outlook.
S&P made the statement Thursday in the midst of speculation that France could face a downgrade in its rating. Earlier this month S&P downgraded the sovereign debt rating of the United States from AAA to AA+ for the first time.
The reason for speculation about France's rating was caused by the nation's deficit and debt-to-gross domestic product ratios, which are higher than the other five triple-A rated nations in Europe.
For more: S&P affirms France to keep AAA rating | AHN
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