Wednesday, February 29, 2012

Analysts: S&P downgrades could have been worse

French finance minister Francois Baroin leaves the Elysee Palace Friday Jan. 13, 2012, following a meeting with French President Nicolas Sarkozy, in connection with the downgrading of France's credit rating by Standard & Poor's. (AP Photo/Remy de la Mauviniere) The decision by Standard & Poor's to strip France of its prized AAA credit rating and downgrade eight other European countries slammed a continent struggling with a debt crisis and an economic slowdown.


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