Li Keqiang's India Visit
With wary eye on the U.S., China courts India
Chinese Premier Li Keqiang, smiling and effusive, was out to smooth ruffled feathers in India this week, promising to ease tensions and increase trade between Asia's fastest growing economies in his first trip overseas since taking office. Full Article | Slideshow
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Moody's to downgrade France further if reforms stall
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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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