Yesterday STANDARD & POOR'S published worldwide the fact that the Credit Rating for France had been downgraded from AAA. This statement was then withdrawn minutes later. An investigation has been started !!!
Let us all be clear. This was a Serious Professional Fault !!! STANDARD & POOR'S are probably very sorry that their reputation has been tarnished, but what about the reputation and standing of France in the present financial climate of the world ? France did not and does not need the added anguish this has caused. In cases like this, everyone will remember this temporary downgrading.
Was someone in S & P a bit too quick off the mark and wanted them to be the first to publish this latest "bit of news", this "scoop" in fact ? Or will the investigation reveal it was the fault or misunderstanding of a poor secretary ? Will any sanctions be taken against anyone in S & P ?
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