S&P Relishes In Its Irrelevance, Says "At The Current Time, France Deserves Its AAA Rating"
The escalating series of simply tragicomic news out of Europe continues. Per Reuters, "France deserves its "AAA" credit rating at the current time, the president of Standard & Poor's credit agency told a French business daily on Tuesday. "At the current time, France deserves its AAA rating," newspaper Les Echos quoted Deven Sharma as saying in an advance edition due for publication on Wednesday." As we suggested earlier, France will not be downgraded by Moody's before 2014. That means S&P will last until France is rebranded the German Vassal Kingdom of Gaul before it notches the country even one rating lower.