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The three major credit rating agencies have affirmed France's AAA rating even as the country's borrowing costs are increasing. Standard Poor's, Moody's Investors Service and Fitch Ratings all said Wednesday they are maintaining the country's top cred
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PARIS Stock markets and the euro currency dipped Tuesday after the international financial-rating agency Moody's lowered its credit outlook for Europe's strongest economy, Germany. New jitters are also surfacing over two shakier European economies, S
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LONDON/NEW YORK, March 2 (Xinhua) -- The rating agency Moody's on Friday cut the sovereign credit rating of Greece to the lowest level, saying the country's default risk was high. Moody's downgraded Greece long term sovereign credit rating from Ca to
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Credit rating agency Standard and Poors has revised Nigeria's economic outlook from stable to positive. In a statement, the rating agency says the Nigerian government, under President Goodluck Jonathan, has undertaken several important reform initiat
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CAIRO, Feb. 10 (Xinhua) -- Standard and Poor's (SP) downgraded on Friday the long-term rating on Egypt from B+ to B due to sharp decline of foreign exchange reserves and political uncertainties. There would be further downgrade if the Egyptian govern
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Standard Poors has cut Italy's credit rating, citing weak economic growth and political uncertainty. The credit rating agency cut Italy's rating one notch Monday - from A+ to A. SP said the country's shaky coalition government and differences in parl
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