The Troubled Rupee
Rupee at record low as India seen lacking options to brake fall
A top official said the government has options to stem a fall in the rupee but did not offer any specifics, turning the focus on the RBI to stem a rout that sent the rupee to record lows. Full Article
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Moody's to downgrade France further if reforms stall
A beggar (L), holding a sign, sits next to a woman at an ATM in the Andalusian capital of Seville, April 19, 2012.
Credit: Reuters/Marcelo del Pozo/Files
PARIS |
PARIS (Reuters) - Credit ratings agency Moody's, which stripped France of its prized AAA rating on Monday, would downgrade its creditworthiness further if the Socialist government fails to implement announced reforms, its lead France analyst said.
"We would downgrade the rating further in the event of additional material deterioration in France's economic prospects or in a scenario in which there were difficulties in implementing the announced reforms," said Moody's lead analyst for France's sovereign rating, Dietmar Hornung. (Reporting By Daniel Flynn)
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