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The Great French 'Unwind' Begins...
Five months ago I posted ‘Moody’s Actions Add Pressure To The Inevitable In France?‘ Yesterday we see MOODY’S DOWNGRADES FRANCE’S GOVT BOND RATING TO Aa1 FROM Aaa as well as FRANCE MAINTAINS NEGATIVE OUTLOOK BY MOODY’S. As excerpted from the Moody’s press release (emphasis supplied by ZeroHedge)… Moody’s decision to downgrade France’s rating and maintain the negative outlook reflects …