FRANKFURT (MNI) – Standard & Poor’s head of sovereign ratings for
Europe, the Middle East and Africa does not expect its stable outlook
for France’s or the UK’s to be under any immediate threat of a possible
downgrade.
In an interview with Germany’s Handelsblatt Online service, Moritz
Kraemer said S&P’s outlook for France and Great Britain remains ‘stable’
and he did not think that either country would be subject to a downgrade
in the next two years.
Looking at the reaction of the markets to the downgrade of the
U.S., Kraemer said the job of the rating agencies is not to calm markets
but to “signal risks as it sees them.”
–Frankfurt bureau: +49 69 720 142; email:frankfurt@marketnews.com
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