France furious over S&P ‘downgrade’ error

[ASusilovic]

France demanded an inquiry after a leading rating agency mistakenly suggested on its website that it had downgraded the country’s prized triple A credit rating, sparking a sell-off in Paris’ government bonds.

French markets regulator AMF said it had opened an investigation into the error by Standard & Poor’s. This followed a demand by François Baroin, finance minister, for an inquiry by the European financial markets authority and AMF.

http://www.ft.com/intl/cms/s/0/6ccfa48c-0bbd-11e1-9310-00144feabdc0.html#axzz1dCkKJbrU

This was not an error. Why only "France"? I wouldn´t be aware of any computer glitch specified to country parameters...

 

[C6H12O6]

Quote from ASusilovic:
This was not an error.

i agree
maybe has something to do with this ?


http://uk.reuters.com/article/2011/11/11/uk-eu-ratingagencies-idUKTRE7AA3NX20111111
LONDON | Fri Nov 11, 2011 2:05pm GMT
(Reuters) - The European Union next week unveils its third broadside against credit rating agencies since the financial crisis began, and this time the Big Three face a direct hit where it hurts.

 

[shortie]

agree. that was not an error.

the downgrade news is now priced in

 

[Picaso]

Call me paranoid, but looks like a veiled threat of blackmail...

You stay out of our nice business, or we send you the way of Greece...

Bagstads!