Archives for: France Loses AAA Credit Rating

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Sarkozy Thinks The Euro Debt Crisis is Over

by Mitch Feierstein about 10 years 3 months ago

Five weeks ago, the French President, Nicolas Sarkozy, was a happy man. He said, ‘The [Greek] problem is solved. How happy I am a solution to the Greek crisis … has been found.’ Which is good. Everyone, even presidents, deserves a little sunshine.  Looking on the bright side: France’s President Nicolas Sarkozy should not think […]

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You Heard It Here First

by Mitch Feierstein about 10 years 8 months ago

You’ll recall, I’m sure, that the newly formed M. Feierstein Ratings Agency broke the news that France has lost its AAA rating. Although we’re a newly formed agency and, if you want to be pedantic about it, we have only ever issued one rating, nevertheless we like to think of ourselves as a market leader. […]

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Breaking News: France Loses Its AAA Rating

by Mitch Feierstein about 10 years 8 months ago

OK, I’ll fess up. None of the ratings agencies has yet formally downgraded France. But the Planet Ponzi Ratings Agency (established Nov 4, 2011) has formally rated France at A+. Given that we’re a newish agency, we’ve struggled hard to find the positives. And, um, they’re there all right. France makes nice wine. It has […]

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